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Prudential (PRU) Outpaces Stock Market Gains: What You Should Know
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Prudential (PRU - Free Report) closed at $86.76 in the latest trading session, marking a +1.43% move from the prior day. This move outpaced the S&P 500's daily gain of 1.22%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 4.63%.
Prior to today's trading, shares of the financial services company had gained 5.5% over the past month. This has lagged the Finance sector's gain of 5.82% and the S&P 500's gain of 6.22% in that time.
Wall Street will be looking for positivity from Prudential as it approaches its next earnings report date. In that report, analysts expect Prudential to post earnings of $3.15 per share. This would mark year-over-year growth of 81.03%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.69 billion, down 7.89% from the year-ago period.
PRU's full-year Zacks Consensus Estimates are calling for earnings of $11.93 per share and revenue of $53.64 billion. These results would represent year-over-year changes of +26.11% and -13.05%, respectively.
Investors should also note any recent changes to analyst estimates for Prudential. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 0.38% lower within the past month. Prudential currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Prudential has a Forward P/E ratio of 7.17 right now. This represents a discount compared to its industry's average Forward P/E of 8.6.
We can also see that PRU currently has a PEG ratio of 0.73. 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. PRU's industry had an average PEG ratio of 1.12 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Prudential (PRU) Outpaces Stock Market Gains: What You Should Know
Prudential (PRU - Free Report) closed at $86.76 in the latest trading session, marking a +1.43% move from the prior day. This move outpaced the S&P 500's daily gain of 1.22%. Meanwhile, the Dow gained 1.26%, and the Nasdaq, a tech-heavy index, added 4.63%.
Prior to today's trading, shares of the financial services company had gained 5.5% over the past month. This has lagged the Finance sector's gain of 5.82% and the S&P 500's gain of 6.22% in that time.
Wall Street will be looking for positivity from Prudential as it approaches its next earnings report date. In that report, analysts expect Prudential to post earnings of $3.15 per share. This would mark year-over-year growth of 81.03%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.69 billion, down 7.89% from the year-ago period.
PRU's full-year Zacks Consensus Estimates are calling for earnings of $11.93 per share and revenue of $53.64 billion. These results would represent year-over-year changes of +26.11% and -13.05%, respectively.
Investors should also note any recent changes to analyst estimates for Prudential. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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.
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 0.38% lower within the past month. Prudential currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Prudential has a Forward P/E ratio of 7.17 right now. This represents a discount compared to its industry's average Forward P/E of 8.6.
We can also see that PRU currently has a PEG ratio of 0.73. 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. PRU's industry had an average PEG ratio of 1.12 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 76, which puts it in the top 31% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.