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W.R. Berkley (WRB) Stock Sinks As Market Gains: What You Should Know
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W.R. Berkley (WRB - Free Report) closed the most recent trading day at $74.44, moving -0.28% from the previous trading session. This change lagged the S&P 500's daily gain of 0.75%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the insurance company had gained 1.41% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 3.49%.
Investors will be hoping for strength from W.R. Berkley as it approaches its next earnings release. In that report, analysts expect W.R. Berkley to post earnings of $1.06 per share. This would mark year-over-year growth of 3.92%. Meanwhile, our latest consensus estimate is calling for revenue of $2.8 billion, up 9.23% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.29 per share and revenue of $10.65 billion. These totals would mark changes of +26.18% and +15.04%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for W.R. Berkley. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. W.R. Berkley currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, W.R. Berkley is currently trading at a Forward P/E ratio of 17.39. This valuation marks a discount compared to its industry's average Forward P/E of 18.91.
It is also worth noting that WRB currently has a PEG ratio of 1.93. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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W.R. Berkley (WRB) Stock Sinks As Market Gains: What You Should Know
W.R. Berkley (WRB - Free Report) closed the most recent trading day at $74.44, moving -0.28% from the previous trading session. This change lagged the S&P 500's daily gain of 0.75%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq lost 0.01%.
Coming into today, shares of the insurance company had gained 1.41% in the past month. In that same time, the Finance sector gained 2.12%, while the S&P 500 gained 3.49%.
Investors will be hoping for strength from W.R. Berkley as it approaches its next earnings release. In that report, analysts expect W.R. Berkley to post earnings of $1.06 per share. This would mark year-over-year growth of 3.92%. Meanwhile, our latest consensus estimate is calling for revenue of $2.8 billion, up 9.23% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.29 per share and revenue of $10.65 billion. These totals would mark changes of +26.18% and +15.04%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for W.R. Berkley. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. W.R. Berkley currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, W.R. Berkley is currently trading at a Forward P/E ratio of 17.39. This valuation marks a discount compared to its industry's average Forward P/E of 18.91.
It is also worth noting that WRB currently has a PEG ratio of 1.93. 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 24% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.