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Morgan Stanley (MS) Gains As Market Dips: What You Should Know
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Morgan Stanley (MS - Free Report) closed at $84.06 in the latest trading session, marking a +1.12% move from the prior day. This move outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the investment bank had lost 3.18% over the past month. This has lagged the Finance sector's gain of 5.08% and the S&P 500's gain of 7.36% in that time.
Wall Street will be looking for positivity from Morgan Stanley as it approaches its next earnings report date. This is expected to be April 14, 2022. The company is expected to report EPS of $1.80, down 18.92% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.61 billion, down 7.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.32 per share and revenue of $57.62 billion. These totals would mark changes of -10.95% and -3.57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Morgan Stanley. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 4.91% lower within the past month. Morgan Stanley currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Morgan Stanley is currently trading at a Forward P/E ratio of 11.36. This represents a premium compared to its industry's average Forward P/E of 10.58.
It is also worth noting that MS currently has a PEG ratio of 2.43. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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Morgan Stanley (MS) Gains As Market Dips: What You Should Know
Morgan Stanley (MS - Free Report) closed at $84.06 in the latest trading session, marking a +1.12% move from the prior day. This move outpaced the S&P 500's daily loss of 0.27%. At the same time, the Dow added 0.4%, and the tech-heavy Nasdaq lost 0.18%.
Prior to today's trading, shares of the investment bank had lost 3.18% over the past month. This has lagged the Finance sector's gain of 5.08% and the S&P 500's gain of 7.36% in that time.
Wall Street will be looking for positivity from Morgan Stanley as it approaches its next earnings report date. This is expected to be April 14, 2022. The company is expected to report EPS of $1.80, down 18.92% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.61 billion, down 7.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.32 per share and revenue of $57.62 billion. These totals would mark changes of -10.95% and -3.57%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Morgan Stanley. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 4.91% lower within the past month. Morgan Stanley currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Morgan Stanley is currently trading at a Forward P/E ratio of 11.36. This represents a premium compared to its industry's average Forward P/E of 10.58.
It is also worth noting that MS currently has a PEG ratio of 2.43. 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. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 0.84 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 165, which puts it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.