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Deutsche Bank (DB) Stock Sinks As Market Gains: What You Should Know
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Deutsche Bank (DB - Free Report) closed at $12.20 in the latest trading session, marking a -1.77% move from the prior day. This move lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq lost 0.98%.
Heading into today, shares of the bank had lost 7.93% over the past month, lagging the Finance sector's loss of 3.34% and the S&P 500's loss of 3.91% in that time.
Investors will be hoping for strength from Deutsche Bank as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.90 per share and revenue of $29.72 billion. These totals would mark changes of -3.06% and +3.44%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deutsche Bank. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.83% higher within the past month. Deutsche Bank is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Deutsche Bank's current valuation metrics, including its Forward P/E ratio of 6.54. This represents a discount compared to its industry's average Forward P/E of 8.06.
It is also worth noting that DB currently has a PEG ratio of 1. 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 - Foreign stocks are, on average, holding a PEG ratio of 1 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% 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.
To follow DB in the coming trading sessions, be sure to utilize Zacks.com.
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Deutsche Bank (DB) Stock Sinks As Market Gains: What You Should Know
Deutsche Bank (DB - Free Report) closed at $12.20 in the latest trading session, marking a -1.77% move from the prior day. This move lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 1.05%, and the tech-heavy Nasdaq lost 0.98%.
Heading into today, shares of the bank had lost 7.93% over the past month, lagging the Finance sector's loss of 3.34% and the S&P 500's loss of 3.91% in that time.
Investors will be hoping for strength from Deutsche Bank as it approaches its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.90 per share and revenue of $29.72 billion. These totals would mark changes of -3.06% and +3.44%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Deutsche Bank. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.83% higher within the past month. Deutsche Bank is currently a Zacks Rank #1 (Strong Buy).
Investors should also note Deutsche Bank's current valuation metrics, including its Forward P/E ratio of 6.54. This represents a discount compared to its industry's average Forward P/E of 8.06.
It is also worth noting that DB currently has a PEG ratio of 1. 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 - Foreign stocks are, on average, holding a PEG ratio of 1 based on yesterday's closing prices.
The Banks - Foreign industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% 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.
To follow DB in the coming trading sessions, be sure to utilize Zacks.com.