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Morgan Stanley (MS) Stock Moves -0.57%: What You Should Know

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Morgan Stanley (MS - Free Report) closed the most recent trading day at $83.42, moving -0.57% from the previous trading session. Meanwhile, the Dow lost 0.15%, and the Nasdaq, a tech-heavy index, lost 2.33%.

Coming into today, shares of the investment bank had lost 4.58% in the past month. In that same time, the Finance sector lost 2.32%, while the S&P 500 gained 1.03%.

Morgan Stanley will be looking to display strength as it nears its next earnings release, which is expected to be July 18, 2023. The company is expected to report EPS of $1.60, up 11.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.62 billion, up 3.75% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.53 per share and revenue of $55.03 billion. These totals would mark changes of +2.67% and +2.53%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for Morgan Stanley. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate has moved 1.17% lower within the past month. Morgan Stanley is holding a Zacks Rank of #4 (Sell) right now.

Looking at its valuation, Morgan Stanley is holding a Forward P/E ratio of 12.85. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 12.85.

We can also see that MS currently has a PEG ratio of 1.78. 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 Financial - Investment Bank was holding an average PEG ratio of 0.88 at yesterday's closing price.

The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 213, which puts it in the bottom 16% 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.

Make sure to utilize to follow all of these stock-moving metrics, and more, in the coming trading sessions.

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