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U.S. Bancorp (USB) Stock Sinks As Market Gains: What You Should Know
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U.S. Bancorp (USB - Free Report) closed at $34.75 in the latest trading session, marking a -1.14% move from the prior day. This change lagged the S&P 500's 0.07% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.01%.
Prior to today's trading, shares of the company had lost 4.59% over the past month. This has lagged the Finance sector's gain of 1.7% and the S&P 500's gain of 0.38% in that time.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be October 18, 2023. In that report, analysts expect U.S. Bancorp to post earnings of $1.08 per share. This would mark a year-over-year decline of 8.47%. Our most recent consensus estimate is calling for quarterly revenue of $7.05 billion, up 11.97% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.44 per share and revenue of $28.33 billion, which would represent changes of -0.22% and +17.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for U.S. Bancorp. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. The Zacks Consensus EPS estimate has moved 1.8% higher within the past month. U.S. Bancorp currently has a Zacks Rank of #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 7.92. This represents a discount compared to its industry's average Forward P/E of 8.47.
It is also worth noting that USB currently has a PEG ratio of 1.58. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.45 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% 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.
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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U.S. Bancorp (USB) Stock Sinks As Market Gains: What You Should Know
U.S. Bancorp (USB - Free Report) closed at $34.75 in the latest trading session, marking a -1.14% move from the prior day. This change lagged the S&P 500's 0.07% gain on the day. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.01%.
Prior to today's trading, shares of the company had lost 4.59% over the past month. This has lagged the Finance sector's gain of 1.7% and the S&P 500's gain of 0.38% in that time.
U.S. Bancorp will be looking to display strength as it nears its next earnings release, which is expected to be October 18, 2023. In that report, analysts expect U.S. Bancorp to post earnings of $1.08 per share. This would mark a year-over-year decline of 8.47%. Our most recent consensus estimate is calling for quarterly revenue of $7.05 billion, up 11.97% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.44 per share and revenue of $28.33 billion, which would represent changes of -0.22% and +17.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for U.S. Bancorp. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. The Zacks Consensus EPS estimate has moved 1.8% higher within the past month. U.S. Bancorp currently has a Zacks Rank of #3 (Hold).
In terms of valuation, U.S. Bancorp is currently trading at a Forward P/E ratio of 7.92. This represents a discount compared to its industry's average Forward P/E of 8.47.
It is also worth noting that USB currently has a PEG ratio of 1.58. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.45 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.