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Truist Financial Corporation (TFC) Stock Sinks As Market Gains: What You Should Know
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Truist Financial Corporation (TFC - Free Report) closed the most recent trading day at $46.14, moving -0.22% from the previous trading session. This change lagged the S&P 500's daily gain of 0.07%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the company had lost 7.69% over the past month. This has lagged the Finance sector's loss of 1.99% and the S&P 500's loss of 2% in that time.
Investors will be hoping for strength from Truist Financial Corporation as it approaches its next earnings release. In that report, analysts expect Truist Financial Corporation to post earnings of $1.16 per share. This would mark a year-over-year decline of 5.69%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.11 billion, up 14.78% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.83 per share and revenue of $24.92 billion, which would represent changes of -2.62% and +8.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Truist Financial Corporation. 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.
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 0.68% lower. Truist Financial Corporation currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Truist Financial Corporation is holding a Forward P/E ratio of 9.57. Its industry sports an average Forward P/E of 9.64, so we one might conclude that Truist Financial Corporation is trading at a discount comparatively.
Meanwhile, TFC's PEG ratio is currently 1.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Banks - Major Regional industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% 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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Truist Financial Corporation (TFC) Stock Sinks As Market Gains: What You Should Know
Truist Financial Corporation (TFC - Free Report) closed the most recent trading day at $46.14, moving -0.22% from the previous trading session. This change lagged the S&P 500's daily gain of 0.07%. At the same time, the Dow added 0.12%, and the tech-heavy Nasdaq lost 1.47%.
Prior to today's trading, shares of the company had lost 7.69% over the past month. This has lagged the Finance sector's loss of 1.99% and the S&P 500's loss of 2% in that time.
Investors will be hoping for strength from Truist Financial Corporation as it approaches its next earnings release. In that report, analysts expect Truist Financial Corporation to post earnings of $1.16 per share. This would mark a year-over-year decline of 5.69%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.11 billion, up 14.78% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.83 per share and revenue of $24.92 billion, which would represent changes of -2.62% and +8.17%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Truist Financial Corporation. 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.
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 0.68% lower. Truist Financial Corporation currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Truist Financial Corporation is holding a Forward P/E ratio of 9.57. Its industry sports an average Forward P/E of 9.64, so we one might conclude that Truist Financial Corporation is trading at a discount comparatively.
Meanwhile, TFC's PEG ratio is currently 1.2. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Banks - Major Regional industry currently had an average PEG ratio of 1.44 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% 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.