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CVR Energy (CVI) Stock Moves -0.15%: What You Should Know
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CVR Energy (CVI - Free Report) closed at $33.93 in the latest trading session, marking a -0.15% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the diversified holding company had gained 4.04% over the past month, outpacing the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
CVR Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.88, up 883.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.27 billion, up 20.69% from the prior-year quarter.
CVI's full-year Zacks Consensus Estimates are calling for earnings of $5.63 per share and revenue of $10.14 billion. These results would represent year-over-year changes of +705.38% and +40%, respectively.
Investors might also notice recent changes to analyst estimates for CVR Energy. These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.24% higher within the past month. CVR Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, CVR Energy currently has a Forward P/E ratio of 6.04. For comparison, its industry has an average Forward P/E of 5.72, which means CVR Energy is trading at a premium to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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CVR Energy (CVI) Stock Moves -0.15%: What You Should Know
CVR Energy (CVI - Free Report) closed at $33.93 in the latest trading session, marking a -0.15% move from the prior day. This move was narrower than the S&P 500's daily loss of 2.8%. Elsewhere, the Dow lost 2.11%, while the tech-heavy Nasdaq lost 0.1%.
Heading into today, shares of the diversified holding company had gained 4.04% over the past month, outpacing the Oils-Energy sector's gain of 1.49% and the S&P 500's loss of 4.08% in that time.
CVR Energy will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.88, up 883.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.27 billion, up 20.69% from the prior-year quarter.
CVI's full-year Zacks Consensus Estimates are calling for earnings of $5.63 per share and revenue of $10.14 billion. These results would represent year-over-year changes of +705.38% and +40%, respectively.
Investors might also notice recent changes to analyst estimates for CVR Energy. These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.24% higher within the past month. CVR Energy is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, CVR Energy currently has a Forward P/E ratio of 6.04. For comparison, its industry has an average Forward P/E of 5.72, which means CVR Energy is trading at a premium to the group.
The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 6, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.