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Chubb (CB) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, Chubb (CB - Free Report) was down 1.35% at $321.88. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.86%.
Prior to today's trading, shares of the insurer had gained 2.07% outpaced the Finance sector's gain of 1.34% and the S&P 500's gain of 1.92%.
Market participants will be closely following the financial results of Chubb in its upcoming release. On that day, Chubb is projected to report earnings of $6.56 per share, which would represent year-over-year growth of 6.84%. Meanwhile, the latest consensus estimate predicts the revenue to be $15.89 billion, indicating a 7.26% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $26.8 per share and a revenue of $64.4 billion, demonstrating changes of +8.11% and +7.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Chubb. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Currently, Chubb is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Chubb is at present trading with a Forward P/E ratio of 12.17. For comparison, its industry has an average Forward P/E of 10.8, which means Chubb is trading at a premium to the group.
Investors should also note that CB has a PEG ratio of 1.67 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 37% 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.
To follow CB in the coming trading sessions, be sure to utilize Zacks.com.
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Chubb (CB) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, Chubb (CB - Free Report) was down 1.35% at $321.88. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.16%, while the tech-heavy Nasdaq appreciated by 0.86%.
Prior to today's trading, shares of the insurer had gained 2.07% outpaced the Finance sector's gain of 1.34% and the S&P 500's gain of 1.92%.
Market participants will be closely following the financial results of Chubb in its upcoming release. On that day, Chubb is projected to report earnings of $6.56 per share, which would represent year-over-year growth of 6.84%. Meanwhile, the latest consensus estimate predicts the revenue to be $15.89 billion, indicating a 7.26% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $26.8 per share and a revenue of $64.4 billion, demonstrating changes of +8.11% and +7.4%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Chubb. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. Currently, Chubb is carrying a Zacks Rank of #3 (Hold).
In the context of valuation, Chubb is at present trading with a Forward P/E ratio of 12.17. For comparison, its industry has an average Forward P/E of 10.8, which means Chubb is trading at a premium to the group.
Investors should also note that CB has a PEG ratio of 1.67 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. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 37% 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.
To follow CB in the coming trading sessions, be sure to utilize Zacks.com.