We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Chubb (CB) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Read MoreHide Full Article
Chubb (CB - Free Report) closed at $330.82 in the latest trading session, marking a -1.29% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Shares of the insurer have appreciated by 4.53% over the course of the past month, outperforming the Finance sector's gain of 2.29%, and the S&P 500's loss of 1.4%.
The upcoming earnings release of Chubb will be of great interest to investors. The company's upcoming EPS is projected at $6.57, signifying a 7.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $15.89 billion, reflecting a 7.26% rise from the equivalent quarter last year.
CB's full-year Zacks Consensus Estimates are calling for earnings of $26.8 per share and revenue of $64.4 billion. These results would represent year-over-year changes of +8.11% and +7.4%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Chubb is currently a Zacks Rank #3 (Hold).
With respect to valuation, Chubb is currently being traded at a Forward P/E ratio of 12.51. This denotes a premium relative to the industry average Forward P/E of 11.47.
Meanwhile, CB's PEG ratio is currently 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 2.42.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
Image: Bigstock
Chubb (CB) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Chubb (CB - Free Report) closed at $330.82 in the latest trading session, marking a -1.29% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.01%. Meanwhile, the Dow gained 0.14%, and the Nasdaq, a tech-heavy index, lost 0.46%.
Shares of the insurer have appreciated by 4.53% over the course of the past month, outperforming the Finance sector's gain of 2.29%, and the S&P 500's loss of 1.4%.
The upcoming earnings release of Chubb will be of great interest to investors. The company's upcoming EPS is projected at $6.57, signifying a 7.00% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $15.89 billion, reflecting a 7.26% rise from the equivalent quarter last year.
CB's full-year Zacks Consensus Estimates are calling for earnings of $26.8 per share and revenue of $64.4 billion. These results would represent year-over-year changes of +8.11% and +7.4%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Chubb is currently a Zacks Rank #3 (Hold).
With respect to valuation, Chubb is currently being traded at a Forward P/E ratio of 12.51. This denotes a premium relative to the industry average Forward P/E of 11.47.
Meanwhile, CB's PEG ratio is currently 1.71. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 2.42.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 95, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.