We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Truist Financial Corporation (TFC) Declines More Than Market: Some Information for Investors
Read MoreHide Full Article
In the latest trading session, Truist Financial Corporation (TFC - Free Report) closed at $28.41, marking a -1.63% move from the previous day. This move lagged the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 1.23%.
Prior to today's trading, shares of the company had lost 1.84% over the past month. This has was narrower than the Finance sector's loss of 3.92% and the S&P 500's loss of 2.4% in that time.
The upcoming earnings release of Truist Financial Corporation will be of great interest to investors. The company's earnings report is expected on October 19, 2023. The company's upcoming EPS is projected at $0.82, signifying a 33.87% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.68 billion, down 2.83% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.69 per share and a revenue of $23.41 billion, signifying shifts of -25.6% and +1.64%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.4% rise in the Zacks Consensus EPS estimate. Truist Financial Corporation is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Truist Financial Corporation is currently exchanging hands at a Forward P/E ratio of 7.83. This indicates a discount in contrast to its industry's Forward P/E of 7.98.
Investors should also note that TFC has a PEG ratio of 1.75 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Banks - Major Regional industry stood at 1.28 at the close of the market yesterday.
The Banks - Major Regional industry is part of the Finance sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Truist Financial Corporation (TFC) Declines More Than Market: Some Information for Investors
In the latest trading session, Truist Financial Corporation (TFC - Free Report) closed at $28.41, marking a -1.63% move from the previous day. This move lagged the S&P 500's daily loss of 0.5%. Meanwhile, the Dow experienced a rise of 0.12%, and the technology-dominated Nasdaq saw a decrease of 1.23%.
Prior to today's trading, shares of the company had lost 1.84% over the past month. This has was narrower than the Finance sector's loss of 3.92% and the S&P 500's loss of 2.4% in that time.
The upcoming earnings release of Truist Financial Corporation will be of great interest to investors. The company's earnings report is expected on October 19, 2023. The company's upcoming EPS is projected at $0.82, signifying a 33.87% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $5.68 billion, down 2.83% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.69 per share and a revenue of $23.41 billion, signifying shifts of -25.6% and +1.64%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.4% rise in the Zacks Consensus EPS estimate. Truist Financial Corporation is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Truist Financial Corporation is currently exchanging hands at a Forward P/E ratio of 7.83. This indicates a discount in contrast to its industry's Forward P/E of 7.98.
Investors should also note that TFC has a PEG ratio of 1.75 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Banks - Major Regional industry stood at 1.28 at the close of the market yesterday.
The Banks - Major Regional industry is part of the Finance sector. With its current Zacks Industry Rank of 167, this industry ranks in the bottom 34% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.