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U.S. Bancorp (USB) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, U.S. Bancorp (USB - Free Report) closed at $35.61, marking a -0.39% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Prior to today's trading, shares of the company had lost 11.99% over the past month. This has lagged the Finance sector's loss of 4.8% and the S&P 500's gain of 3.13% in that time.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be April 19, 2023. On that day, U.S. Bancorp is projected to report earnings of $1.14 per share, which would represent year-over-year growth of 15.15%. Our most recent consensus estimate is calling for quarterly revenue of $7.18 billion, up 28.87% from the year-ago period.
USB's full-year Zacks Consensus Estimates are calling for earnings of $4.86 per share and revenue of $29.25 billion. These results would represent year-over-year changes of +9.21% and +20.95%, respectively.
It is also important to note the recent changes to analyst estimates for U.S. Bancorp. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 2.77% lower within the past month. U.S. Bancorp is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 7.35. Its industry sports an average Forward P/E of 7.82, so we one might conclude that U.S. Bancorp is trading at a discount comparatively.
We can also see that USB currently has a PEG ratio of 1.13. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.12 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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U.S. Bancorp (USB) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, U.S. Bancorp (USB - Free Report) closed at $35.61, marking a -0.39% move from the previous day. This move lagged the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.3%, and the tech-heavy Nasdaq lost 2.19%.
Prior to today's trading, shares of the company had lost 11.99% over the past month. This has lagged the Finance sector's loss of 4.8% and the S&P 500's gain of 3.13% in that time.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be April 19, 2023. On that day, U.S. Bancorp is projected to report earnings of $1.14 per share, which would represent year-over-year growth of 15.15%. Our most recent consensus estimate is calling for quarterly revenue of $7.18 billion, up 28.87% from the year-ago period.
USB's full-year Zacks Consensus Estimates are calling for earnings of $4.86 per share and revenue of $29.25 billion. These results would represent year-over-year changes of +9.21% and +20.95%, respectively.
It is also important to note the recent changes to analyst estimates for U.S. Bancorp. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 2.77% lower within the past month. U.S. Bancorp is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 7.35. Its industry sports an average Forward P/E of 7.82, so we one might conclude that U.S. Bancorp is trading at a discount comparatively.
We can also see that USB currently has a PEG ratio of 1.13. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.12 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 22% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.