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The Charles Schwab Corporation (SCHW) Stock Moves 0.32%: What You Should Know
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In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $53.84, marking a +0.32% move from the previous day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 2.33%.
Heading into today, shares of the company had gained 3.59% over the past month, outpacing the Finance sector's loss of 2.32% and the S&P 500's gain of 1.03% in that time.
Investors will be hoping for strength from The Charles Schwab Corporation as it approaches its next earnings release. On that day, The Charles Schwab Corporation is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 19.59%. Meanwhile, our latest consensus estimate is calling for revenue of $4.75 billion, down 6.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.35 per share and revenue of $19.61 billion, which would represent changes of -14.1% and -5.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for The Charles Schwab Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.99% lower within the past month. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, The Charles Schwab Corporation is holding a Forward P/E ratio of 16.04. This represents a premium compared to its industry's average Forward P/E of 12.85.
We can also see that SCHW currently has a PEG ratio of 2.76. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 16% 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.
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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The Charles Schwab Corporation (SCHW) Stock Moves 0.32%: What You Should Know
In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $53.84, marking a +0.32% move from the previous day. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 2.33%.
Heading into today, shares of the company had gained 3.59% over the past month, outpacing the Finance sector's loss of 2.32% and the S&P 500's gain of 1.03% in that time.
Investors will be hoping for strength from The Charles Schwab Corporation as it approaches its next earnings release. On that day, The Charles Schwab Corporation is projected to report earnings of $0.78 per share, which would represent a year-over-year decline of 19.59%. Meanwhile, our latest consensus estimate is calling for revenue of $4.75 billion, down 6.66% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.35 per share and revenue of $19.61 billion, which would represent changes of -14.1% and -5.55%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for The Charles Schwab Corporation. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 0.99% lower within the past month. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, The Charles Schwab Corporation is holding a Forward P/E ratio of 16.04. This represents a premium compared to its industry's average Forward P/E of 12.85.
We can also see that SCHW currently has a PEG ratio of 2.76. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.88 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 16% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.