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Chubb (CB) Declines More Than Market: Some Information for Investors
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In the latest trading session, Chubb (CB - Free Report) closed at $325.90, marking a -1.86% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Coming into today, shares of the insurer had lost 1.97% in the past month. In that same time, the Finance sector lost 4.43%, while the S&P 500 lost 0.42%.
The investment community will be paying close attention to the earnings performance of Chubb in its upcoming release. 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. Alongside, our most recent consensus estimate is anticipating revenue of $16.71 billion, indicating a 3.59% upward movement from the same quarter last 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.
Investors should also take note of any recent adjustments to analyst estimates for Chubb. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Chubb holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Chubb is currently exchanging hands at a Forward P/E ratio of 12.14. This signifies a premium in comparison to the average Forward P/E of 10.74 for its industry.
We can additionally observe that CB currently boasts a PEG ratio of 1.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.64.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% 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.
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) Declines More Than Market: Some Information for Investors
In the latest trading session, Chubb (CB - Free Report) closed at $325.90, marking a -1.86% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.25%. Elsewhere, the Dow saw a downswing of 0.86%, while the tech-heavy Nasdaq appreciated by 0.24%.
Coming into today, shares of the insurer had lost 1.97% in the past month. In that same time, the Finance sector lost 4.43%, while the S&P 500 lost 0.42%.
The investment community will be paying close attention to the earnings performance of Chubb in its upcoming release. 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. Alongside, our most recent consensus estimate is anticipating revenue of $16.71 billion, indicating a 3.59% upward movement from the same quarter last 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.
Investors should also take note of any recent adjustments to analyst estimates for Chubb. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Chubb holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Chubb is currently exchanging hands at a Forward P/E ratio of 12.14. This signifies a premium in comparison to the average Forward P/E of 10.74 for its industry.
We can additionally observe that CB currently boasts a PEG ratio of 1.58. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 1.64.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.