We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
LPL Financial Holdings Inc. (LPLA) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
LPL Financial Holdings Inc. (LPLA - Free Report) closed at $213.40 in the latest trading session, marking a -1.75% move from the prior day. This change lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 10.36%.
Coming into today, shares of the company had lost 4.33% in the past month. In that same time, the Finance sector lost 3.71%, while the S&P 500 lost 5.98%.
Wall Street will be looking for positivity from LPL Financial Holdings Inc. as it approaches its next earnings report date. In that report, analysts expect LPL Financial Holdings Inc. to post earnings of $3.93 per share. This would mark year-over-year growth of 141.1%. Our most recent consensus estimate is calling for quarterly revenue of $2.27 billion, up 8.33% from the year-ago period.
Investors should also note any recent changes to analyst estimates for LPL Financial Holdings Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. LPL Financial Holdings Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note LPL Financial Holdings Inc.'s current valuation metrics, including its Forward P/E ratio of 11.1. This represents a discount compared to its industry's average Forward P/E of 11.49.
It is also worth noting that LPLA currently has a PEG ratio of 0.21. 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 was holding an average PEG ratio of 1.04 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% 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.
To follow LPLA in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
LPL Financial Holdings Inc. (LPLA) Stock Sinks As Market Gains: What You Should Know
LPL Financial Holdings Inc. (LPLA - Free Report) closed at $213.40 in the latest trading session, marking a -1.75% move from the prior day. This change lagged the S&P 500's daily gain of 0.75%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq gained 10.36%.
Coming into today, shares of the company had lost 4.33% in the past month. In that same time, the Finance sector lost 3.71%, while the S&P 500 lost 5.98%.
Wall Street will be looking for positivity from LPL Financial Holdings Inc. as it approaches its next earnings report date. In that report, analysts expect LPL Financial Holdings Inc. to post earnings of $3.93 per share. This would mark year-over-year growth of 141.1%. Our most recent consensus estimate is calling for quarterly revenue of $2.27 billion, up 8.33% from the year-ago period.
Investors should also note any recent changes to analyst estimates for LPL Financial Holdings Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. LPL Financial Holdings Inc. is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note LPL Financial Holdings Inc.'s current valuation metrics, including its Forward P/E ratio of 11.1. This represents a discount compared to its industry's average Forward P/E of 11.49.
It is also worth noting that LPLA currently has a PEG ratio of 0.21. 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 was holding an average PEG ratio of 1.04 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% 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.
To follow LPLA in the coming trading sessions, be sure to utilize Zacks.com.