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The Charles Schwab Corporation (SCHW) Dips More Than Broader Markets: What You Should Know
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The Charles Schwab Corporation (SCHW - Free Report) closed at $53.93 in the latest trading session, marking a -0.86% move from the prior day. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Heading into today, shares of the company had gained 4.68% over the past month, outpacing the Finance sector's gain of 4.09% and lagging the S&P 500's gain of 5.36% in that time.
The Charles Schwab Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect The Charles Schwab Corporation to post earnings of $0.76 per share. This would mark a year-over-year decline of 21.65%. Meanwhile, our latest consensus estimate is calling for revenue of $4.62 billion, down 9.27% from the prior-year quarter.
SCHW's full-year Zacks Consensus Estimates are calling for earnings of $3.29 per share and revenue of $19.48 billion. These results would represent year-over-year changes of -15.64% and -6.16%, respectively.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 1.73% lower within the past month. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note The Charles Schwab Corporation's current valuation metrics, including its Forward P/E ratio of 16.53. Its industry sports an average Forward P/E of 13.6, so we one might conclude that The Charles Schwab Corporation is trading at a premium comparatively.
Investors should also note that SCHW has a PEG ratio of 3.08 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Bank was holding an average PEG ratio of 0.9 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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The Charles Schwab Corporation (SCHW) Dips More Than Broader Markets: What You Should Know
The Charles Schwab Corporation (SCHW - Free Report) closed at $53.93 in the latest trading session, marking a -0.86% move from the prior day. This change lagged the S&P 500's daily loss of 0.47%. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Heading into today, shares of the company had gained 4.68% over the past month, outpacing the Finance sector's gain of 4.09% and lagging the S&P 500's gain of 5.36% in that time.
The Charles Schwab Corporation will be looking to display strength as it nears its next earnings release. In that report, analysts expect The Charles Schwab Corporation to post earnings of $0.76 per share. This would mark a year-over-year decline of 21.65%. Meanwhile, our latest consensus estimate is calling for revenue of $4.62 billion, down 9.27% from the prior-year quarter.
SCHW's full-year Zacks Consensus Estimates are calling for earnings of $3.29 per share and revenue of $19.48 billion. These results would represent year-over-year changes of -15.64% and -6.16%, respectively.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 1.73% lower within the past month. The Charles Schwab Corporation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note The Charles Schwab Corporation's current valuation metrics, including its Forward P/E ratio of 16.53. Its industry sports an average Forward P/E of 13.6, so we one might conclude that The Charles Schwab Corporation is trading at a premium comparatively.
Investors should also note that SCHW has a PEG ratio of 3.08 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Financial - Investment Bank was holding an average PEG ratio of 0.9 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 20% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.