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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
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Morgan Stanley (MS - Free Report) closed at $76.11 in the latest trading session, marking a -0.83% move from the prior day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the investment bank had lost 9.57% over the past month, lagging the Finance sector's loss of 7.94% and the S&P 500's loss of 6.79% in that time.
Investors will be hoping for strength from Morgan Stanley as it approaches its next earnings release, which is expected to be July 14, 2022. In that report, analysts expect Morgan Stanley to post earnings of $1.63 per share. This would mark a year-over-year decline of 13.76%. Our most recent consensus estimate is calling for quarterly revenue of $14.18 billion, down 3.92% from the year-ago period.
MS's full-year Zacks Consensus Estimates are calling for earnings of $7.25 per share and revenue of $57.66 billion. These results would represent year-over-year changes of -11.8% and -3.51%, respectively.
Investors should also note any recent changes to analyst estimates for Morgan Stanley. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.91% lower. Morgan Stanley is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Morgan Stanley is holding a Forward P/E ratio of 10.59. This represents a no noticeable deviation compared to its industry's average Forward P/E of 10.59.
Investors should also note that MS has a PEG ratio of 1.32 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
Morgan Stanley (MS - Free Report) closed at $76.11 in the latest trading session, marking a -0.83% move from the prior day. This move lagged the S&P 500's daily gain of 0.16%. Elsewhere, the Dow lost 0.42%, while the tech-heavy Nasdaq added 0.48%.
Heading into today, shares of the investment bank had lost 9.57% over the past month, lagging the Finance sector's loss of 7.94% and the S&P 500's loss of 6.79% in that time.
Investors will be hoping for strength from Morgan Stanley as it approaches its next earnings release, which is expected to be July 14, 2022. In that report, analysts expect Morgan Stanley to post earnings of $1.63 per share. This would mark a year-over-year decline of 13.76%. Our most recent consensus estimate is calling for quarterly revenue of $14.18 billion, down 3.92% from the year-ago period.
MS's full-year Zacks Consensus Estimates are calling for earnings of $7.25 per share and revenue of $57.66 billion. These results would represent year-over-year changes of -11.8% and -3.51%, respectively.
Investors should also note any recent changes to analyst estimates for Morgan Stanley. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Within the past 30 days, our consensus EPS projection has moved 0.91% lower. Morgan Stanley is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Morgan Stanley is holding a Forward P/E ratio of 10.59. This represents a no noticeable deviation compared to its industry's average Forward P/E of 10.59.
Investors should also note that MS has a PEG ratio of 1.32 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.73 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 178, which puts it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.