Verso closed the most recent trading day at $26.64, moving -0.08% from the previous trading session. This change lagged the S&P 500's 0.94% gain on the day. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq lost 0.55%.
Heading into today, shares of the company had lost 1.04% over the past month, outpacing the Basic Materials sector's loss of 2.45% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Verso as it approaches its next earnings report date. In that report, analysts expect Verso to post earnings of $0.68 per share. This would mark year-over-year growth of 136.96%. Our most recent consensus estimate is calling for quarterly revenue of $317.71 million, up 1.18% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Verso. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 39.15% lower. Verso currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Verso has a Forward P/E ratio of 19.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.95.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
Image: Bigstock
Verso (VRS) Stock Sinks As Market Gains: What You Should Know
Verso closed the most recent trading day at $26.64, moving -0.08% from the previous trading session. This change lagged the S&P 500's 0.94% gain on the day. At the same time, the Dow added 0.63%, and the tech-heavy Nasdaq lost 0.55%.
Heading into today, shares of the company had lost 1.04% over the past month, outpacing the Basic Materials sector's loss of 2.45% and the S&P 500's loss of 4.63% in that time.
Wall Street will be looking for positivity from Verso as it approaches its next earnings report date. In that report, analysts expect Verso to post earnings of $0.68 per share. This would mark year-over-year growth of 136.96%. Our most recent consensus estimate is calling for quarterly revenue of $317.71 million, up 1.18% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Verso. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 39.15% lower. Verso currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Verso has a Forward P/E ratio of 19.6 right now. This valuation marks a premium compared to its industry's average Forward P/E of 11.95.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.