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T. Rowe Price (TROW) Rises Higher Than Market: Key Facts
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T. Rowe Price (TROW - Free Report) ended the recent trading session at $87.98, demonstrating a +2.08% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.15%. Elsewhere, the Dow saw an upswing of 1.38%, while the tech-heavy Nasdaq appreciated by 1.38%.
Coming into today, shares of the financial services firm had lost 9.64% in the past month. In that same time, the Finance sector lost 8.15%, while the S&P 500 lost 5.69%.
The investment community will be closely monitoring the performance of T. Rowe Price in its forthcoming earnings report. In that report, analysts expect T. Rowe Price to post earnings of $2.44 per share. This would mark year-over-year growth of 9.42%. Our most recent consensus estimate is calling for quarterly revenue of $1.88 billion, up 6.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.04 per share and a revenue of $7.63 billion, demonstrating changes of +3.29% and +4.37%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for T Rowe Price. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% decrease. T. Rowe Price is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, T. Rowe Price is currently being traded at a Forward P/E ratio of 8.58. This signifies a discount in comparison to the average Forward P/E of 9.84 for its industry.
It's also important to note that TROW currently trades at a PEG ratio of 3.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Financial - Investment Management industry held an average PEG ratio of 0.85.
The Financial - Investment Management industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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T. Rowe Price (TROW) Rises Higher Than Market: Key Facts
T. Rowe Price (TROW - Free Report) ended the recent trading session at $87.98, demonstrating a +2.08% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 1.15%. Elsewhere, the Dow saw an upswing of 1.38%, while the tech-heavy Nasdaq appreciated by 1.38%.
Coming into today, shares of the financial services firm had lost 9.64% in the past month. In that same time, the Finance sector lost 8.15%, while the S&P 500 lost 5.69%.
The investment community will be closely monitoring the performance of T. Rowe Price in its forthcoming earnings report. In that report, analysts expect T. Rowe Price to post earnings of $2.44 per share. This would mark year-over-year growth of 9.42%. Our most recent consensus estimate is calling for quarterly revenue of $1.88 billion, up 6.49% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $10.04 per share and a revenue of $7.63 billion, demonstrating changes of +3.29% and +4.37%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for T Rowe Price. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% decrease. T. Rowe Price is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, T. Rowe Price is currently being traded at a Forward P/E ratio of 8.58. This signifies a discount in comparison to the average Forward P/E of 9.84 for its industry.
It's also important to note that TROW currently trades at a PEG ratio of 3.61. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Financial - Investment Management industry held an average PEG ratio of 0.85.
The Financial - Investment Management industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 176, positioning it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.