Volkswagen AG (VWAGY) share falls with price gains: What you should know
Volkswagen AG (VWAGY) closed the last trading day at USD 37.50, which is -0.01% compared to the previous trading session. That move fell short of the S&P 500’s daily gain of 0.88%.
Today, the company’s shares were up 19.35% last month, outperforming the Auto Tire Truck sector’s 0.13% loss and the S&P 500’s 0.15% gain over the period.
Wall Street will be on the lookout for positivity on VWAGY as it nears its next earnings report date.
For the full year, our Zacks Consensus Estimates project earnings per share of $ 3.28 and revenue of $ 296.98 billion, up 65.66% and 17.71% from last year, respectively would correspond.
Investors should also be aware of any recent changes in analyst estimates for VWAGY. Most recent revisions usually reflect the latest short-term business trends. With this in mind, we can view positive valuation revisions as a sign of optimism about the company’s business outlook.
Research has shown that these estimate revisions correlate directly with short-term stock price dynamics. Investors can take advantage of this by using the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell) and has a proven, externally audited track record of outperforming, with the # 1 stocks returning an average of + 25% annually since 1988. In the past month, Zack’s Consensus EPS estimate has increased 2.71%. VWAGY currently has a Zacks rank of # 3 (Hold).
In terms of valuation, VWAGY is currently trading with a forward P / E of 11.43. That represents a premium compared to the industry’s average forward P / E of 11.14.
Investors should also note that VWAGY currently has a PEG ratio of 0.94. This popular metric is similar to the widely known P / E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. The Automotive – Foreign held an average PEG ratio of 0.82 at yesterday’s closing price.
The automotive overseas industry is part of the Auto Tire Trucks sector. This group has a Zacks industry ranking of 98, making it one of the top 39% of all over 250 industries.
Zacks Industry Rank measures the strength of our individual industry groups by measuring the average Zacks rank of each stock within the groups. Our research shows that the top-rated 50% of industries outperform the bottom half by a factor of 2 to 1.
To keep track of VWAGY in the upcoming trading sessions, be sure to use Zacks.com.
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