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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
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Morgan Stanley (MS - Free Report) closed the most recent trading day at $85.26, moving -0.34% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.54%.
Prior to today's trading, shares of the investment bank had lost 5.93% over the past month. This has lagged the Finance sector's loss of 2.21% and the S&P 500's loss of 1.68% in that time.
Wall Street will be looking for positivity from Morgan Stanley as it approaches its next earnings report date. This is expected to be October 18, 2023. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.41 billion, up 3.24% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Morgan Stanley. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. Morgan Stanley currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 14.66. This represents a discount compared to its industry's average Forward P/E of 16.23.
It is also worth noting that MS currently has a PEG ratio of 2.34. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.29 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 194, putting it in the bottom 24% 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.
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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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
Morgan Stanley (MS - Free Report) closed the most recent trading day at $85.26, moving -0.34% from the previous trading session. This move lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.54%.
Prior to today's trading, shares of the investment bank had lost 5.93% over the past month. This has lagged the Finance sector's loss of 2.21% and the S&P 500's loss of 1.68% in that time.
Wall Street will be looking for positivity from Morgan Stanley as it approaches its next earnings report date. This is expected to be October 18, 2023. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.41 billion, up 3.24% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Morgan Stanley. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.11% higher. Morgan Stanley currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 14.66. This represents a discount compared to its industry's average Forward P/E of 16.23.
It is also worth noting that MS currently has a PEG ratio of 2.34. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.29 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 194, putting it in the bottom 24% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.