U.S. Bancorp (USB - Free Report) closed at $47.31 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 15.51%.
Heading into today, shares of the company had lost 4.16% over the past month, lagging the Finance sector's loss of 2.63% and the S&P 500's loss of 2.53% in that time.
Wall Street will be looking for positivity from U.S. Bancorp as it approaches its next earnings report date. The company is expected to report EPS of $1.17, up 18.18% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.2 billion, up 29.29% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.01 per share and revenue of $29.49 billion, which would represent changes of +12.58% and +21.96%, respectively, from the prior year.
Any recent changes to analyst estimates for U.S. Bancorp should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. U.S. Bancorp is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 9.53. Its industry sports an average Forward P/E of 9.72, so we one might conclude that U.S. Bancorp is trading at a discount comparatively.
We can also see that USB currently has a PEG ratio of 1.47. 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 Banks - Major Regional was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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U.S. Bancorp (USB - Free Report) closed at $47.31 in the latest trading session, marking a -0.88% move from the prior day. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, lost 15.51%.
Heading into today, shares of the company had lost 4.16% over the past month, lagging the Finance sector's loss of 2.63% and the S&P 500's loss of 2.53% in that time.
Wall Street will be looking for positivity from U.S. Bancorp as it approaches its next earnings report date. The company is expected to report EPS of $1.17, up 18.18% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.2 billion, up 29.29% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.01 per share and revenue of $29.49 billion, which would represent changes of +12.58% and +21.96%, respectively, from the prior year.
Any recent changes to analyst estimates for U.S. Bancorp should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. U.S. Bancorp is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 9.53. Its industry sports an average Forward P/E of 9.72, so we one might conclude that U.S. Bancorp is trading at a discount comparatively.
We can also see that USB currently has a PEG ratio of 1.47. 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 Banks - Major Regional was holding an average PEG ratio of 1.45 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 108, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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