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WestRock (WRK) Gains But Lags Market: What You Should Know
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WestRock (WRK - Free Report) closed at $42.15 in the latest trading session, marking a +0.96% move from the prior day. The stock lagged the S&P 500's daily gain of 1.21%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the paper and packaging company had gained 3.83% over the past month, outpacing the Basic Materials sector's loss of 7.3% and the S&P 500's gain of 3.2% in that time.
Wall Street will be looking for positivity from WestRock as it approaches its next earnings report date. This is expected to be August 4, 2022. In that report, analysts expect WestRock to post earnings of $1.50 per share. This would mark year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $5.52 billion, up 14.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.09 per share and revenue of $21.42 billion, which would represent changes of +50.15% and +14.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for WestRock. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.42% lower. WestRock is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that WestRock has a Forward P/E ratio of 8.2 right now. For comparison, its industry has an average Forward P/E of 8.2, which means WestRock is trading at a no noticeable deviation to the group.
We can also see that WRK currently has a PEG ratio of 0.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Paper and Related Products industry currently had an average PEG ratio of 0.37 as of yesterday's close.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 139, putting it in the bottom 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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WestRock (WRK) Gains But Lags Market: What You Should Know
WestRock (WRK - Free Report) closed at $42.15 in the latest trading session, marking a +0.96% move from the prior day. The stock lagged the S&P 500's daily gain of 1.21%. At the same time, the Dow added 1.03%, and the tech-heavy Nasdaq gained 0.14%.
Heading into today, shares of the paper and packaging company had gained 3.83% over the past month, outpacing the Basic Materials sector's loss of 7.3% and the S&P 500's gain of 3.2% in that time.
Wall Street will be looking for positivity from WestRock as it approaches its next earnings report date. This is expected to be August 4, 2022. In that report, analysts expect WestRock to post earnings of $1.50 per share. This would mark year-over-year growth of 50%. Meanwhile, our latest consensus estimate is calling for revenue of $5.52 billion, up 14.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.09 per share and revenue of $21.42 billion, which would represent changes of +50.15% and +14.27%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for WestRock. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.42% lower. WestRock is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that WestRock has a Forward P/E ratio of 8.2 right now. For comparison, its industry has an average Forward P/E of 8.2, which means WestRock is trading at a no noticeable deviation to the group.
We can also see that WRK currently has a PEG ratio of 0.37. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Paper and Related Products industry currently had an average PEG ratio of 0.37 as of yesterday's close.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 139, putting it in the bottom 45% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.