Vector Group (VGR) got here out with quarterly earnings of $0.24 per share, lacking the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.22 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of -4%. 1 / 4 in the past, it was anticipated that this low cost cigarette maker would submit earnings of $0.26 per share when it truly produced earnings of $0.36, delivering a shock of 38.46%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates two instances.
Vector
The sustainability of the inventory’s quick value motion based mostly on the recently-released numbers and future earnings expectations will principally rely on administration’s commentary on the earnings name.
Vector shares have misplaced about 8.2% because the starting of the 12 months versus the S&P 500’s acquire of 5.6%.
What’s Subsequent for Vector?
Whereas Vector has underperformed the market to date this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders handle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but in addition how these expectations have modified recently.
Empirical analysis reveals a robust correlation between near-term inventory actions and traits in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking instrument just like the Zacks Rank, which has a formidable monitor report of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions pattern for Vector: combined. Whereas the magnitude and path of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #3 (Maintain) for the inventory. So, the shares are anticipated to carry out in keeping with the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.30 on $380.1 million in revenues for the approaching quarter and $1.24 on $1.5 billion in revenues for the present fiscal 12 months.
Traders ought to be conscious of the truth that the outlook for the business can have a cloth influence on the efficiency of the inventory as nicely. When it comes to the Zacks Trade Rank, Diversified Operations is presently within the high 40% of the 250 plus Zacks industries. Our analysis reveals that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One different inventory from the identical business, Star Fairness (STRR), is but to report outcomes for the quarter ended March 2024.
This diagnostic companies and imaging firm is predicted to submit quarterly lack of $0.06 per share in its upcoming report, which represents a year-over-year change of -200%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Star Fairness’s revenues are anticipated to be $9.5 million, down 63.1% from the year-ago quarter.
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Vector Group Ltd. (VGR) : Free Stock Analysis Report
Star Equity Holdings, Inc. (STRR) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
