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Vista Outdoor (VSTO) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Vista Outdoor (VSTO - Free Report) closed at $35.76, marking a -1.32% move from the previous day. This change lagged the S&P 500's 1.3% loss on the day. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.41%.
Heading into today, shares of the maker of firearms, ammunition and accessories had lost 4.2% over the past month, outpacing the Consumer Discretionary sector's loss of 10.95% and the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Vista Outdoor as it approaches its next earnings release. On that day, Vista Outdoor is projected to report earnings of $1.81 per share, which would represent year-over-year growth of 77.45%. Meanwhile, our latest consensus estimate is calling for revenue of $761.84 million, up 27.71% from the prior-year quarter.
VSTO's full-year Zacks Consensus Estimates are calling for earnings of $8.06 per share and revenue of $3 billion. These results would represent year-over-year changes of +120.22% and +34.71%, respectively.
Any recent changes to analyst estimates for Vista Outdoor should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. Vista Outdoor currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Vista Outdoor is currently trading at a Forward P/E ratio of 4.49. For comparison, its industry has an average Forward P/E of 9.07, which means Vista Outdoor is trading at a discount to the group.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
To follow VSTO in the coming trading sessions, be sure to utilize Zacks.com.
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Vista Outdoor (VSTO) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Vista Outdoor (VSTO - Free Report) closed at $35.76, marking a -1.32% move from the previous day. This change lagged the S&P 500's 1.3% loss on the day. At the same time, the Dow lost 0.69%, and the tech-heavy Nasdaq lost 0.41%.
Heading into today, shares of the maker of firearms, ammunition and accessories had lost 4.2% over the past month, outpacing the Consumer Discretionary sector's loss of 10.95% and the S&P 500's loss of 5.33% in that time.
Investors will be hoping for strength from Vista Outdoor as it approaches its next earnings release. On that day, Vista Outdoor is projected to report earnings of $1.81 per share, which would represent year-over-year growth of 77.45%. Meanwhile, our latest consensus estimate is calling for revenue of $761.84 million, up 27.71% from the prior-year quarter.
VSTO's full-year Zacks Consensus Estimates are calling for earnings of $8.06 per share and revenue of $3 billion. These results would represent year-over-year changes of +120.22% and +34.71%, respectively.
Any recent changes to analyst estimates for Vista Outdoor should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. Vista Outdoor currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Vista Outdoor is currently trading at a Forward P/E ratio of 4.49. For comparison, its industry has an average Forward P/E of 9.07, which means Vista Outdoor is trading at a discount to the group.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
To follow VSTO in the coming trading sessions, be sure to utilize Zacks.com.