JPMorgan Chase (JPM - Free Report) closed at $100.76 in the latest trading session, marking a +0.07% move from the prior day. This move lagged the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.42%, while the tech-heavy Nasdaq added 1.26%.
Heading into today, shares of the biggest U.S. bank by assets had lost 4.28% over the past month, outpacing the Finance sector's loss of 4.67% and the S&P 500's loss of 6.13% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be January 15, 2019. On that day, JPM is projected to report earnings of $2.22 per share, which would represent year-over-year growth of 26.14%. Our most recent consensus estimate is calling for quarterly revenue of $27.10 billion, up 12.19% from the year-ago period.
It is also important to note the recent changes to analyst estimates for JPM. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team 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 0.15% lower. JPM is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note JPM's current valuation metrics, including its Forward P/E ratio of 10.02. For comparison, its industry has an average Forward P/E of 9.68, which means JPM is trading at a premium to the group.
Investors should also note that JPM has a PEG ratio of 1.5 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Banks - Major Regional industry currently had an average PEG ratio of 1.02 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 106, putting it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.