JPMorgan Chase (JPM - Free Report) closed the most recent trading day at $110.68, moving +0.31% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.05%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Prior to today's trading, shares of the biggest U.S. bank by assets had gained 0.81% over the past month. This has outpaced the Finance sector's loss of 0.25% and the S&P 500's gain of 0.34% in that time.
Investors will be hoping for strength from JPM as it approaches its next earnings release, which is expected to be July 14, 2019. The company is expected to report EPS of $2.56, up 11.79% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $29.38 billion, up 5.86% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $10.03 per share and revenue of $115.29 billion. These totals would mark changes of +11.44% and +5.74%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for JPM. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.33% higher. JPM is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that JPM has a Forward P/E ratio of 11 right now. This represents a discount compared to its industry's average Forward P/E of 11.01.
Investors should also note that JPM has a PEG ratio of 1.57 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. The Banks - Major Regional was holding an average PEG ratio of 1.34 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.