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Morgan Stanley (MS) Rises Higher Than Market: Key Facts
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Morgan Stanley (MS - Free Report) ended the recent trading session at $200.51, demonstrating a +1.39% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 0.09%.
Shares of the investment bank have appreciated by 3.52% over the course of the past month, outperforming the Finance sector's loss of 0.4%, and lagging the S&P 500's gain of 4.59%.
The investment community will be closely monitoring the performance of Morgan Stanley in its forthcoming earnings report. On that day, Morgan Stanley is projected to report earnings of $2.71 per share, which would represent year-over-year growth of 27.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $18.71 billion, indicating a 11.41% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.85 per share and revenue of $77.17 billion, indicating changes of +16.06% and +9.23%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Morgan Stanley. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% increase. Morgan Stanley is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Morgan Stanley is holding a Forward P/E ratio of 16.68. This valuation marks a premium compared to its industry average Forward P/E of 12.86.
One should further note that MS currently holds a PEG ratio of 1.48. 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 0.9 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 147, positioning it in the bottom 40% of all 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.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.
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Morgan Stanley (MS) Rises Higher Than Market: Key Facts
Morgan Stanley (MS - Free Report) ended the recent trading session at $200.51, demonstrating a +1.39% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.55%, while the tech-heavy Nasdaq added 0.09%.
Shares of the investment bank have appreciated by 3.52% over the course of the past month, outperforming the Finance sector's loss of 0.4%, and lagging the S&P 500's gain of 4.59%.
The investment community will be closely monitoring the performance of Morgan Stanley in its forthcoming earnings report. On that day, Morgan Stanley is projected to report earnings of $2.71 per share, which would represent year-over-year growth of 27.23%. Meanwhile, the latest consensus estimate predicts the revenue to be $18.71 billion, indicating a 11.41% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $11.85 per share and revenue of $77.17 billion, indicating changes of +16.06% and +9.23%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Morgan Stanley. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.49% increase. Morgan Stanley is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Morgan Stanley is holding a Forward P/E ratio of 16.68. This valuation marks a premium compared to its industry average Forward P/E of 12.86.
One should further note that MS currently holds a PEG ratio of 1.48. 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 0.9 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 147, positioning it in the bottom 40% of all 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.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.