Vertex Energy (VTNR) Outpaces Stock Market Gains: What You Should Know
Vertex Energy (VTNR) closed the most recent trading day at $6.30, moving +0.8% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.12%. At the same time, the Dow added 0.03%, and the tech-heavy Nasdaq gained 5.14%.
Investors will be hoping for strength from Vertex Energy as it approaches its next earnings release. On that day, Vertex Energy is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 72.06%. Meanwhile, our latest consensus estimate is calling for revenue of $682.25 million, down 31.21% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.52 per share and revenue of $3.02 billion. These totals would mark changes of +316.67% and +8.24%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Vertex Energy. 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.
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 128.75% lower within the past month. Vertex Energy is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Vertex Energy is holding a Forward P/E ratio of 12.1. Its industry sports an average Forward P/E of 18.73, so we one might conclude that Vertex Energy is trading at a discount comparatively.
The Pollution Control industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 92, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Vertex Energy, Inc (VTNR) : Free Stock Analysis Report
