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Deutsche Bank (DB) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Deutsche Bank (DB - Free Report) closed at $9.65, marking a -1.43% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 3.64%.
Heading into today, shares of the bank had lost 20.08% over the past month, lagging the Finance sector's loss of 7.8% and the S&P 500's gain of 0.07% in that time.
Investors will be hoping for strength from Deutsche Bank as it approaches its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.90 per share and revenue of $29.72 billion, which would represent changes of -3.06% and +3.44%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deutsche Bank. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Deutsche Bank currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Deutsche Bank currently has a Forward P/E ratio of 5.15. For comparison, its industry has an average Forward P/E of 7.29, which means Deutsche Bank is trading at a discount to the group.
Meanwhile, DB's PEG ratio is currently 0.79. 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. The Banks - Foreign was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 34, putting it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Deutsche Bank (DB) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Deutsche Bank (DB - Free Report) closed at $9.65, marking a -1.43% move from the previous day. This change lagged the S&P 500's 0.16% loss on the day. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 3.64%.
Heading into today, shares of the bank had lost 20.08% over the past month, lagging the Finance sector's loss of 7.8% and the S&P 500's gain of 0.07% in that time.
Investors will be hoping for strength from Deutsche Bank as it approaches its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.90 per share and revenue of $29.72 billion, which would represent changes of -3.06% and +3.44%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Deutsche Bank. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Deutsche Bank currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Deutsche Bank currently has a Forward P/E ratio of 5.15. For comparison, its industry has an average Forward P/E of 7.29, which means Deutsche Bank is trading at a discount to the group.
Meanwhile, DB's PEG ratio is currently 0.79. 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. The Banks - Foreign was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 34, putting it in the top 14% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.