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Here's Why Morgan Stanley (MS) Gained But Lagged the Market Today
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Morgan Stanley (MS - Free Report) closed the latest trading day at $78.49, indicating a +0.03% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.46%.
Heading into today, shares of the investment bank had gained 9.66% over the past month, outpacing the Finance sector's gain of 8.19% and the S&P 500's gain of 7.62% in that time.
Investors will be eagerly watching for the performance of Morgan Stanley in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 16, 2024. The company is expected to report EPS of $1.23, down 6.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.93 billion, up 1.41% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.58 per share and revenue of $54.1 billion. These totals would mark changes of -12.26% and +0.8%, respectively, from last year.
Investors should also take note of any recent adjustments 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 0.07% lower within the past month. Currently, Morgan Stanley is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Morgan Stanley is currently exchanging hands at a Forward P/E ratio of 14.07. This expresses a discount compared to the average Forward P/E of 16.23 of its industry.
Investors should also note that MS has a PEG ratio of 2.29 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.45 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 19% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Here's Why Morgan Stanley (MS) Gained But Lagged the Market Today
Morgan Stanley (MS - Free Report) closed the latest trading day at $78.49, indicating a +0.03% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 0.41%. Elsewhere, the Dow saw an upswing of 0.53%, while the tech-heavy Nasdaq appreciated by 0.46%.
Heading into today, shares of the investment bank had gained 9.66% over the past month, outpacing the Finance sector's gain of 8.19% and the S&P 500's gain of 7.62% in that time.
Investors will be eagerly watching for the performance of Morgan Stanley in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 16, 2024. The company is expected to report EPS of $1.23, down 6.11% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $12.93 billion, up 1.41% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.58 per share and revenue of $54.1 billion. These totals would mark changes of -12.26% and +0.8%, respectively, from last year.
Investors should also take note of any recent adjustments 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 0.07% lower within the past month. Currently, Morgan Stanley is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Morgan Stanley is currently exchanging hands at a Forward P/E ratio of 14.07. This expresses a discount compared to the average Forward P/E of 16.23 of its industry.
Investors should also note that MS has a PEG ratio of 2.29 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.45 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 206, placing it within the bottom 19% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.