Vistra VST is scheduled to release second-quarter 2022 earnings on Aug 5. The utility reported a negative earnings surprise of 84.5%, on average, for the last four quarters.
Let’s see how things have shaped up before the upcoming earnings announcement.
Factors to Note
Vistra’s second-quarter earnings are likely to have gained from the stable performance of its retail segment and an increase in customer volumes in Texas, boosting demand.
Vistra has been continuing to buy back shares through its share repurchase program and has repurchased 54 million shares since November 2021. More than a 10.5% reduction in shares outstanding is expected to have a positive impact on the company's earnings.
Expectations
The Zacks Consensus Estimate for the company’s second-quarter earnings per share is pegged at 17 cents. The bottom-line projection indicates a year-over-year increase of 70%.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Vistra this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That is not the case here, as you will see below.
Vistra Corp. Price and EPS Surprise
Vistra Corp. price-eps-surprise | Vistra Corp. Quote
Earnings ESP: Vistra’s Earnings ESP is 0.00%.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Vistra carries a Zacks Rank #3. You can see the complete list of today's Zacks #1 Rank stocks here.
Stocks to Consider
Investors can consider the players mentioned below, which have the right combination of elements to post an earnings beat in the to-be-reported quarter.
Calumet Specialty Products Partners, L.P. CLMT is likely to come up with an earnings beat when it reports second-quarter results on Aug 5. CLMT has an Earnings ESP of +30.0% and a Zacks Rank of #2 at present.
The Zacks Consensus Estimate for CLMT’s 2022 and 2023 EPS indicates 76.2% and 285.3% year-over-year growth, respectively.
Dominion Energy D is likely to come up with an earnings beat when it reports second-quarter results on Aug 8. D has an Earnings ESP of +1.63% and a Zacks Rank of #3 at present.
Dominion Energy’s long-term (three to five years) earnings growth is currently pegged at 6.4%. The Zacks Consensus Estimate for D’s 2022 and 2023 EPS indicates 6.48% and 6.49% year-over-year growth, respectively.
Gevo Inc. GEVO is likely to come up with an earnings beat when it reports second-quarter results on Aug 8. GEVO has an Earnings ESP of +25.0% and a Zacks Rank of #2 at present.
The Zacks Consensus Estimate for GEVO’s 2023 EPS indicates 0.51% year-over-year growth.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Dominion Energy Inc. (D): Free Stock Analysis Report
Calumet Specialty Products Partners, L.P. (CLMT): Free Stock Analysis Report
Gevo, Inc. (GEVO): Free Stock Analysis Report
Vistra Corp. (VST): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
