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U.S. Bancorp (USB) Stock Moves -0.39%: What You Should Know
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U.S. Bancorp (USB - Free Report) closed the most recent trading day at $45.63, moving -0.39% from the previous trading session. This change was narrower than the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Coming into today, shares of the company had gained 7.26% in the past month. In that same time, the Finance sector gained 5.9%, while the S&P 500 gained 2.18%.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In that report, analysts expect U.S. Bancorp to post earnings of $1.11 per share. This would mark year-over-year growth of 3.74%. Meanwhile, our latest consensus estimate is calling for revenue of $6.66 billion, up 17.64% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for U.S. Bancorp. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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 1.83% lower. U.S. Bancorp is currently a Zacks Rank #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 9.27. This valuation marks a premium compared to its industry's average Forward P/E of 9.24.
Investors should also note that USB has a PEG ratio of 1.43 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 Banks - Major Regional was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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U.S. Bancorp (USB) Stock Moves -0.39%: What You Should Know
U.S. Bancorp (USB - Free Report) closed the most recent trading day at $45.63, moving -0.39% from the previous trading session. This change was narrower than the S&P 500's 0.76% loss on the day. At the same time, the Dow lost 0.76%, and the tech-heavy Nasdaq lost 10.92%.
Coming into today, shares of the company had gained 7.26% in the past month. In that same time, the Finance sector gained 5.9%, while the S&P 500 gained 2.18%.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be January 25, 2023. In that report, analysts expect U.S. Bancorp to post earnings of $1.11 per share. This would mark year-over-year growth of 3.74%. Meanwhile, our latest consensus estimate is calling for revenue of $6.66 billion, up 17.64% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for U.S. Bancorp. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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 1.83% lower. U.S. Bancorp is currently a Zacks Rank #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 9.27. This valuation marks a premium compared to its industry's average Forward P/E of 9.24.
Investors should also note that USB has a PEG ratio of 1.43 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 Banks - Major Regional was holding an average PEG ratio of 1.37 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.