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.
Prudential (PRU) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest trading session, Prudential (PRU - Free Report) closed at $119.16, marking a +1.9% move from the previous day. This move outpaced the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 0.32%.
Prior to today's trading, shares of the financial services company had gained 5.46% over the past month. This has outpaced the Finance sector's gain of 2.23% and lagged the S&P 500's gain of 5.65% in that time.
Investors will be hoping for strength from Prudential as it approaches its next earnings release. In that report, analysts expect Prudential to post earnings of $2.95 per share. This would mark a year-over-year decline of 28.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.95 billion, down 1.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.10 per share and revenue of $54.92 billion, which would represent changes of -17.01% and -9.56%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Prudential. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.14% lower within the past month. Prudential is currently a Zacks Rank #3 (Hold).
Investors should also note Prudential's current valuation metrics, including its Forward P/E ratio of 9.66. This represents a discount compared to its industry's average Forward P/E of 9.99.
We can also see that PRU currently has a PEG ratio of 1.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Multi line industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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 PRU 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
Prudential (PRU) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Prudential (PRU - Free Report) closed at $119.16, marking a +1.9% move from the previous day. This move outpaced the S&P 500's daily gain of 1.43%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq added 0.32%.
Prior to today's trading, shares of the financial services company had gained 5.46% over the past month. This has outpaced the Finance sector's gain of 2.23% and lagged the S&P 500's gain of 5.65% in that time.
Investors will be hoping for strength from Prudential as it approaches its next earnings release. In that report, analysts expect Prudential to post earnings of $2.95 per share. This would mark a year-over-year decline of 28.22%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.95 billion, down 1.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $12.10 per share and revenue of $54.92 billion, which would represent changes of -17.01% and -9.56%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Prudential. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.14% lower within the past month. Prudential is currently a Zacks Rank #3 (Hold).
Investors should also note Prudential's current valuation metrics, including its Forward P/E ratio of 9.66. This represents a discount compared to its industry's average Forward P/E of 9.99.
We can also see that PRU currently has a PEG ratio of 1.08. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Insurance - Multi line industry currently had an average PEG ratio of 1.25 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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 PRU in the coming trading sessions, be sure to utilize Zacks.com.