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Morgan Stanley (MS) Dips More Than Broader Markets: What You Should Know
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Morgan Stanley (MS - Free Report) closed the most recent trading day at $85.35, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily loss of 0.67%. Elsewhere, the Dow lost 0.57%, while the tech-heavy Nasdaq lost 0.14%.
Prior to today's trading, shares of the investment bank had gained 2.98% over the past month. This has lagged the Finance sector's gain of 3.19% and the S&P 500's gain of 3.65% in that time.
Investors will be hoping for strength from Morgan Stanley as it approaches its next earnings release, which is expected to be October 14, 2022. The company is expected to report EPS of $1.55, down 24.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.3 billion, down 9.82% from the year-ago period.
MS's full-year Zacks Consensus Estimates are calling for earnings of $6.69 per share and revenue of $54.84 billion. These results would represent year-over-year changes of -18.61% and -8.23%, respectively.
Any recent changes to analyst estimates for Morgan Stanley should also be noted by investors. These revisions help to show the ever-changing nature of 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. Morgan Stanley is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Morgan Stanley's current valuation metrics, including its Forward P/E ratio of 12.98. This valuation marks a discount compared to its industry's average Forward P/E of 13.68.
Investors should also note that MS has a PEG ratio of 1.62 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 Financial - Investment Bank industry currently had an average PEG ratio of 0.86 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% 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.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.
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Morgan Stanley (MS) Dips More Than Broader Markets: What You Should Know
Morgan Stanley (MS - Free Report) closed the most recent trading day at $85.35, moving -1.68% from the previous trading session. This change lagged the S&P 500's daily loss of 0.67%. Elsewhere, the Dow lost 0.57%, while the tech-heavy Nasdaq lost 0.14%.
Prior to today's trading, shares of the investment bank had gained 2.98% over the past month. This has lagged the Finance sector's gain of 3.19% and the S&P 500's gain of 3.65% in that time.
Investors will be hoping for strength from Morgan Stanley as it approaches its next earnings release, which is expected to be October 14, 2022. The company is expected to report EPS of $1.55, down 24.02% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.3 billion, down 9.82% from the year-ago period.
MS's full-year Zacks Consensus Estimates are calling for earnings of $6.69 per share and revenue of $54.84 billion. These results would represent year-over-year changes of -18.61% and -8.23%, respectively.
Any recent changes to analyst estimates for Morgan Stanley should also be noted by investors. These revisions help to show the ever-changing nature of 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.
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. Within the past 30 days, our consensus EPS projection has moved 0.05% lower. Morgan Stanley is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Morgan Stanley's current valuation metrics, including its Forward P/E ratio of 12.98. This valuation marks a discount compared to its industry's average Forward P/E of 13.68.
Investors should also note that MS has a PEG ratio of 1.62 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 Financial - Investment Bank industry currently had an average PEG ratio of 0.86 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% 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.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.