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Jackson Financial (JXN) Gains As Market Dips: What You Should Know
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In the latest trading session, Jackson Financial (JXN - Free Report) closed at $42.24, marking a +0.93% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 5.44%.
Prior to today's trading, shares of the financial services company had gained 21.13% over the past month. This has outpaced the Finance sector's gain of 6.01% and the S&P 500's gain of 4.57% in that time.
Jackson Financial will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of $5.39, down 27.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, down 5.61% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Jackson Financial. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% lower. Jackson Financial is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Jackson Financial is holding a Forward P/E ratio of 2.33. This represents a discount compared to its industry's average Forward P/E of 9.37.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Jackson Financial (JXN) Gains As Market Dips: What You Should Know
In the latest trading session, Jackson Financial (JXN - Free Report) closed at $42.24, marking a +0.93% move from the previous day. This move outpaced the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 5.44%.
Prior to today's trading, shares of the financial services company had gained 21.13% over the past month. This has outpaced the Finance sector's gain of 6.01% and the S&P 500's gain of 4.57% in that time.
Jackson Financial will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2023. The company is expected to report EPS of $5.39, down 27.94% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, down 5.61% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Jackson Financial. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.14% lower. Jackson Financial is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Jackson Financial is holding a Forward P/E ratio of 2.33. This represents a discount compared to its industry's average Forward P/E of 9.37.
The Financial - Miscellaneous Services industry is part of the Finance sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.