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The Charles Schwab Corporation (SCHW) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $53.97, marking a -1.87% move from the previous day. This move lagged the S&P 500's daily gain of 0.93%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 1.71%.
Heading into today, shares of the company had gained 12.38% over the past month, outpacing the Finance sector's gain of 3.55% and the S&P 500's gain of 4.61% in that time.
Wall Street will be looking for positivity from The Charles Schwab Corporation as it approaches its next earnings report date. The company is expected to report EPS of $0.78, down 19.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.76 billion, down 6.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.33 per share and revenue of $19.59 billion. These totals would mark changes of -14.62% and -5.62%, respectively, from last year.
Any recent changes to analyst estimates for The Charles Schwab Corporation should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. Within the past 30 days, our consensus EPS projection has moved 1.35% lower. The Charles Schwab Corporation is currently a Zacks Rank #3 (Hold).
Looking at its valuation, The Charles Schwab Corporation is holding a Forward P/E ratio of 16.5. This valuation marks a premium compared to its industry's average Forward P/E of 13.37.
We can also see that SCHW currently has a PEG ratio of 3.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SCHW's industry had an average PEG ratio of 0.9 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 215, which puts it in the bottom 15% 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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The Charles Schwab Corporation (SCHW) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $53.97, marking a -1.87% move from the previous day. This move lagged the S&P 500's daily gain of 0.93%. Elsewhere, the Dow gained 0.56%, while the tech-heavy Nasdaq added 1.71%.
Heading into today, shares of the company had gained 12.38% over the past month, outpacing the Finance sector's gain of 3.55% and the S&P 500's gain of 4.61% in that time.
Wall Street will be looking for positivity from The Charles Schwab Corporation as it approaches its next earnings report date. The company is expected to report EPS of $0.78, down 19.59% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.76 billion, down 6.62% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.33 per share and revenue of $19.59 billion. These totals would mark changes of -14.62% and -5.62%, respectively, from last year.
Any recent changes to analyst estimates for The Charles Schwab Corporation should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
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. Within the past 30 days, our consensus EPS projection has moved 1.35% lower. The Charles Schwab Corporation is currently a Zacks Rank #3 (Hold).
Looking at its valuation, The Charles Schwab Corporation is holding a Forward P/E ratio of 16.5. This valuation marks a premium compared to its industry's average Forward P/E of 13.37.
We can also see that SCHW currently has a PEG ratio of 3.08. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SCHW's industry had an average PEG ratio of 0.9 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 215, which puts it in the bottom 15% 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.