Vistra’s Quarterly Earnings Estimate Rises as Annual Forecast Slips

Analysts expect Vistra to earn $2.89 per share in the current quarter, up 65.1% from a year earlier. The Zacks consensus estimate has risen 3.3% over the past month.

Forecasts for the fiscal year show a different trend. The consensus estimate of $9.04 per share is up 71.9% from the prior year, but has fallen 1.9% in the past month. For the next fiscal year, the estimate is $10.54 per share, up 16.6% year over year and 0.4% over the past month.

Revenue estimates point to growth. Analysts expect $7.76 billion in sales for the current quarter, a 56.2% increase from a year earlier. Estimates for the current and next fiscal years are $22.59 billion and $25.77 billion, respectively.

Vistra shares lost 3% over the past month. The Zacks S&P 500 composite gained 0.8%, while the Zacks Utility - Electric Power industry fell 6.3%.

In its last reported quarter, Vistra posted $4.02 billion in revenue, down 5.5% year over year, and earnings per share of $1.80, compared with $1.01 a year earlier. Revenue was 36.17% below the Zacks consensus estimate, while earnings per share beat it by 16.88%. Over the past four quarters, the company beat earnings estimates three times and revenue estimates once.