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W.R. Berkley (WRB) Stock Moves -1.39%: What You Should Know
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W.R. Berkley (WRB - Free Report) closed at $66.54 in the latest trading session, marking a -1.39% move from the prior day. This change was narrower than the S&P 500's 3.37% loss on the day. At the same time, the Dow lost 3.03%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the insurance company had gained 9.19% in the past month. In that same time, the Finance sector gained 4.85%, while the S&P 500 gained 6.05%.
W.R. Berkley will be looking to display strength as it nears its next earnings release. On that day, W.R. Berkley is projected to report earnings of $0.85 per share, which would represent a year-over-year decline of 3.41%. Our most recent consensus estimate is calling for quarterly revenue of $2.71 billion, up 12.69% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.10 per share and revenue of $10.8 billion. These totals would mark changes of +20.59% and +16.65%, respectively, from last year.
Any recent changes to analyst estimates for W.R. Berkley should also be noted by investors. 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.
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 0.92% higher. W.R. Berkley is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, W.R. Berkley currently has a Forward P/E ratio of 16.47. For comparison, its industry has an average Forward P/E of 12.79, which means W.R. Berkley is trading at a premium to the group.
Investors should also note that WRB has a PEG ratio of 1.83 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.7 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% 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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W.R. Berkley (WRB) Stock Moves -1.39%: What You Should Know
W.R. Berkley (WRB - Free Report) closed at $66.54 in the latest trading session, marking a -1.39% move from the prior day. This change was narrower than the S&P 500's 3.37% loss on the day. At the same time, the Dow lost 3.03%, and the tech-heavy Nasdaq lost 0.09%.
Coming into today, shares of the insurance company had gained 9.19% in the past month. In that same time, the Finance sector gained 4.85%, while the S&P 500 gained 6.05%.
W.R. Berkley will be looking to display strength as it nears its next earnings release. On that day, W.R. Berkley is projected to report earnings of $0.85 per share, which would represent a year-over-year decline of 3.41%. Our most recent consensus estimate is calling for quarterly revenue of $2.71 billion, up 12.69% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.10 per share and revenue of $10.8 billion. These totals would mark changes of +20.59% and +16.65%, respectively, from last year.
Any recent changes to analyst estimates for W.R. Berkley should also be noted by investors. 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.
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 0.92% higher. W.R. Berkley is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, W.R. Berkley currently has a Forward P/E ratio of 16.47. For comparison, its industry has an average Forward P/E of 12.79, which means W.R. Berkley is trading at a premium to the group.
Investors should also note that WRB has a PEG ratio of 1.83 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. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.7 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 148, putting it in the bottom 42% 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.