We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Truist Financial Corporation (TFC) Stock Moves -0.52%: What You Should Know
Read MoreHide Full Article
Truist Financial Corporation (TFC - Free Report) closed the most recent trading day at $47.94, moving -0.52% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.57%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Heading into today, shares of the company had lost 4.52% over the past month, lagging the Finance sector's gain of 3.19% and the S&P 500's gain of 3.65% in that time.
Wall Street will be looking for positivity from Truist Financial Corporation as it approaches its next earnings report date. The company is expected to report EPS of $1.29, down 9.15% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.89 billion, up 5.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5 per share and revenue of $22.9 billion. These totals would mark changes of -9.58% and +2.73%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate has moved 0.63% higher within the past month. Truist Financial Corporation currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Truist Financial Corporation is currently trading at a Forward P/E ratio of 9.63. Its industry sports an average Forward P/E of 10.18, so we one might conclude that Truist Financial Corporation is trading at a discount comparatively.
Meanwhile, TFC's PEG ratio is currently 2.08. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.31 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Truist Financial Corporation (TFC) Stock Moves -0.52%: What You Should Know
Truist Financial Corporation (TFC - Free Report) closed the most recent trading day at $47.94, moving -0.52% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.67%. Meanwhile, the Dow lost 0.57%, and the Nasdaq, a tech-heavy index, lost 0.13%.
Heading into today, shares of the company had lost 4.52% over the past month, lagging the Finance sector's gain of 3.19% and the S&P 500's gain of 3.65% in that time.
Wall Street will be looking for positivity from Truist Financial Corporation as it approaches its next earnings report date. The company is expected to report EPS of $1.29, down 9.15% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $5.89 billion, up 5.29% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5 per share and revenue of $22.9 billion. These totals would mark changes of -9.58% and +2.73%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Truist Financial Corporation. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate has moved 0.63% higher within the past month. Truist Financial Corporation currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Truist Financial Corporation is currently trading at a Forward P/E ratio of 9.63. Its industry sports an average Forward P/E of 10.18, so we one might conclude that Truist Financial Corporation is trading at a discount comparatively.
Meanwhile, TFC's PEG ratio is currently 2.08. 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. Banks - Major Regional stocks are, on average, holding a PEG ratio of 1.31 based on yesterday's closing prices.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 85, putting it in the top 34% 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.