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The Charles Schwab Corporation (SCHW) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $79.56, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 0.1% gain on the day. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.06%.
Heading into today, shares of the company had lost 2.18% over the past month, outpacing the Finance sector's loss of 3.85% and the S&P 500's loss of 3.6% in that time.
Wall Street will be looking for positivity from The Charles Schwab Corporation as it approaches its next earnings report date. On that day, The Charles Schwab Corporation is projected to report earnings of $1.08 per share, which would represent year-over-year growth of 25.58%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.51 billion, up 17.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.91 per share and revenue of $20.78 billion. These totals would mark changes of +20.31% and +12.2%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for The Charles Schwab Corporation. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note The Charles Schwab Corporation's current valuation metrics, including its Forward P/E ratio of 20. For comparison, its industry has an average Forward P/E of 14.55, which means The Charles Schwab Corporation is trading at a premium to the group.
We can also see that SCHW currently has a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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The Charles Schwab Corporation (SCHW) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $79.56, marking a +1.66% move from the previous day. This change outpaced the S&P 500's 0.1% gain on the day. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq lost 0.06%.
Heading into today, shares of the company had lost 2.18% over the past month, outpacing the Finance sector's loss of 3.85% and the S&P 500's loss of 3.6% in that time.
Wall Street will be looking for positivity from The Charles Schwab Corporation as it approaches its next earnings report date. On that day, The Charles Schwab Corporation is projected to report earnings of $1.08 per share, which would represent year-over-year growth of 25.58%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.51 billion, up 17.12% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.91 per share and revenue of $20.78 billion. These totals would mark changes of +20.31% and +12.2%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for The Charles Schwab Corporation. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.03% lower. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note The Charles Schwab Corporation's current valuation metrics, including its Forward P/E ratio of 20. For comparison, its industry has an average Forward P/E of 14.55, which means The Charles Schwab Corporation is trading at a premium to the group.
We can also see that SCHW currently has a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Bank industry currently had an average PEG ratio of 1.07 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.