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Chubb (CB) Stock Falls Amid Market Uptick: What Investors Need to Know
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Chubb (CB - Free Report) ended the recent trading session at $338.31, demonstrating a -1.59% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 1.57%.
Shares of the insurer witnessed a loss of 5.01% over the previous month, trailing the performance of the Finance sector with its gain of 2.15%, and the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company is predicted to post an EPS of $6.35, indicating a 15.22% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.71 billion, up 3.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $27.49 per share and a revenue of $64.33 billion, demonstrating changes of +10.89% and +7.29%, respectively, from the preceding year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. Chubb is currently a Zacks Rank #3 (Hold).
In terms of valuation, Chubb is presently being traded at a Forward P/E ratio of 12.51. This signifies a premium in comparison to the average Forward P/E of 11.65 for its industry.
Investors should also note that CB has a PEG ratio of 1.67 right now. 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 1.85.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Chubb (CB) Stock Falls Amid Market Uptick: What Investors Need to Know
Chubb (CB - Free Report) ended the recent trading session at $338.31, demonstrating a -1.59% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.72%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 1.57%.
Shares of the insurer witnessed a loss of 5.01% over the previous month, trailing the performance of the Finance sector with its gain of 2.15%, and the S&P 500's gain of 3.68%.
Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company is predicted to post an EPS of $6.35, indicating a 15.22% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.71 billion, up 3.59% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $27.49 per share and a revenue of $64.33 billion, demonstrating changes of +10.89% and +7.29%, respectively, from the preceding year.
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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.31% increase. Chubb is currently a Zacks Rank #3 (Hold).
In terms of valuation, Chubb is presently being traded at a Forward P/E ratio of 12.51. This signifies a premium in comparison to the average Forward P/E of 11.65 for its industry.
Investors should also note that CB has a PEG ratio of 1.67 right now. 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 1.85.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.