ViaSat (VSAT - Free Report) closed at $87.73 in the latest trading session, marking a -0.06% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.16%. Elsewhere, the Dow lost 0.07%, while the tech-heavy Nasdaq lost 0.52%.
Prior to today's trading, shares of the provider of satellite and wireless networking technology had lost 3.07% over the past month. This has lagged the Computer and Technology sector's gain of 1.74% and the S&P 500's gain of 3.12% in that time.
Investors will be hoping for strength from VSAT as it approaches its next earnings release. The company is expected to report EPS of -$0.20, up 33.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $504.58 million, up 14.97% from the year-ago period.
VSAT's full-year Zacks Consensus Estimates are calling for earnings of -$0.10 per share and revenue of $2.28 billion. These results would represent year-over-year changes of -1100% and +10.27%, respectively.
It is also important to note the recent changes to analyst estimates for VSAT. 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.
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 has moved 48.85% higher. VSAT currently has a Zacks Rank of #3 (Hold).
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 15, putting it in the top 6% 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 VSAT in the coming trading sessions, be sure to utilize Zacks.com.