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Deutsche Bank (DB) Gains But Lags Market: What You Should Know
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Deutsche Bank (DB - Free Report) closed at $10.58 in the latest trading session, marking a +0.38% move from the prior day. This change lagged the S&P 500's 1.33% gain on the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Heading into today, shares of the bank had gained 0.38% over the past month, lagging the Finance sector's gain of 0.75% and the S&P 500's gain of 6.11% in that time.
Wall Street will be looking for positivity from Deutsche Bank as it approaches its next earnings report date.
DB's full-year Zacks Consensus Estimates are calling for earnings of $1.90 per share and revenue of $29.72 billion. These results would represent year-over-year changes of -3.06% and +3.44%, respectively.
Investors should also note any recent changes to analyst estimates for Deutsche Bank. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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 remained stagnant within the past month. Deutsche Bank is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Deutsche Bank's current valuation metrics, including its Forward P/E ratio of 5.55. For comparison, its industry has an average Forward P/E of 7.5, which means Deutsche Bank is trading at a discount to the group.
Meanwhile, DB's PEG ratio is currently 0.85. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.91 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Deutsche Bank (DB) Gains But Lags Market: What You Should Know
Deutsche Bank (DB - Free Report) closed at $10.58 in the latest trading session, marking a +0.38% move from the prior day. This change lagged the S&P 500's 1.33% gain on the day. Meanwhile, the Dow gained 1.14%, and the Nasdaq, a tech-heavy index, added 2.94%.
Heading into today, shares of the bank had gained 0.38% over the past month, lagging the Finance sector's gain of 0.75% and the S&P 500's gain of 6.11% in that time.
Wall Street will be looking for positivity from Deutsche Bank as it approaches its next earnings report date.
DB's full-year Zacks Consensus Estimates are calling for earnings of $1.90 per share and revenue of $29.72 billion. These results would represent year-over-year changes of -3.06% and +3.44%, respectively.
Investors should also note any recent changes to analyst estimates for Deutsche Bank. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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 remained stagnant within the past month. Deutsche Bank is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Deutsche Bank's current valuation metrics, including its Forward P/E ratio of 5.55. For comparison, its industry has an average Forward P/E of 7.5, which means Deutsche Bank is trading at a discount to the group.
Meanwhile, DB's PEG ratio is currently 0.85. 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. The Banks - Foreign industry currently had an average PEG ratio of 0.91 as of yesterday's close.
The Banks - Foreign industry is part of the Finance sector. This group has a Zacks Industry Rank of 73, putting it in the top 29% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.