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Chubb (CB) Increases Despite Market Slip: Here's What You Need to Know
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Chubb (CB - Free Report) closed at $341.85 in the latest trading session, marking a +1.06% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the insurer had lost 1.57% in the past month. In that same time, the Finance sector lost 0.73%, while the S&P 500 lost 0.82%.
Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company is forecasted to report an EPS of $6.22, showcasing a 16.96% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $16.71 billion, indicating a 3.59% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $27.35 per share and revenue of $64.33 billion, which would represent changes of +10.33% and +7.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Chubb is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.37. This valuation marks a premium compared to its industry average Forward P/E of 11.39.
One should further note that CB currently holds a PEG ratio of 1.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Property and Casualty industry had an average PEG ratio of 1.73 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 27% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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Chubb (CB) Increases Despite Market Slip: Here's What You Need to Know
Chubb (CB - Free Report) closed at $341.85 in the latest trading session, marking a +1.06% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.48%. Meanwhile, the Dow lost 0.29%, and the Nasdaq, a tech-heavy index, lost 0.56%.
Coming into today, shares of the insurer had lost 1.57% in the past month. In that same time, the Finance sector lost 0.73%, while the S&P 500 lost 0.82%.
Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company is forecasted to report an EPS of $6.22, showcasing a 16.96% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $16.71 billion, indicating a 3.59% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $27.35 per share and revenue of $64.33 billion, which would represent changes of +10.33% and +7.29%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.16% higher. Chubb is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.37. This valuation marks a premium compared to its industry average Forward P/E of 11.39.
One should further note that CB currently holds a PEG ratio of 1.61. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Property and Casualty industry had an average PEG ratio of 1.73 as trading concluded yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 27% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.