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Wells Fargo (WFC) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Wells Fargo (WFC - Free Report) closed at $46.09, marking a -0.32% move from the previous day. This move lagged the S&P 500's daily loss of 0.21%.
Coming into today, shares of the biggest U.S. mortgage lender had gained 4.76% in the past month. In that same time, the Finance sector gained 4.35%, while the S&P 500 gained 0.59%.
WFC will be looking to display strength as it nears its next earnings release. In that report, analysts expect WFC to post earnings of $0.90 per share. This would mark year-over-year growth of 236.36%. Our most recent consensus estimate is calling for quarterly revenue of $17.71 billion, down 0.69% from the year-ago period.
WFC's full-year Zacks Consensus Estimates are calling for earnings of $3.72 per share and revenue of $71.06 billion. These results would represent year-over-year changes of +807.32% and -1.77%, respectively.
It is also important to note the recent changes to analyst estimates for WFC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 2.11% higher. WFC is currently a Zacks Rank #1 (Strong Buy).
Investors should also note WFC's current valuation metrics, including its Forward P/E ratio of 12.42. This valuation marks a discount compared to its industry's average Forward P/E of 12.56.
Investors should also note that WFC has a PEG ratio of 1.28 right now. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Wells Fargo (WFC) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Wells Fargo (WFC - Free Report) closed at $46.09, marking a -0.32% move from the previous day. This move lagged the S&P 500's daily loss of 0.21%.
Coming into today, shares of the biggest U.S. mortgage lender had gained 4.76% in the past month. In that same time, the Finance sector gained 4.35%, while the S&P 500 gained 0.59%.
WFC will be looking to display strength as it nears its next earnings release. In that report, analysts expect WFC to post earnings of $0.90 per share. This would mark year-over-year growth of 236.36%. Our most recent consensus estimate is calling for quarterly revenue of $17.71 billion, down 0.69% from the year-ago period.
WFC's full-year Zacks Consensus Estimates are calling for earnings of $3.72 per share and revenue of $71.06 billion. These results would represent year-over-year changes of +807.32% and -1.77%, respectively.
It is also important to note the recent changes to analyst estimates for WFC. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 2.11% higher. WFC is currently a Zacks Rank #1 (Strong Buy).
Investors should also note WFC's current valuation metrics, including its Forward P/E ratio of 12.42. This valuation marks a discount compared to its industry's average Forward P/E of 12.56.
Investors should also note that WFC has a PEG ratio of 1.28 right now. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.