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The Charles Schwab Corporation (SCHW) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $58.41, marking a +1.44% move from the previous day. This move outpaced the S&P 500's daily gain of 0.74%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 11.47%.
Coming into today, shares of the company had gained 5.17% in the past month. In that same time, the Finance sector gained 2.29%, while the S&P 500 gained 3.34%.
The Charles Schwab Corporation will be looking to display strength as it nears its next earnings release, which is expected to be July 18, 2023. In that report, analysts expect The Charles Schwab Corporation to post earnings of $0.74 per share. This would mark a year-over-year decline of 23.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.61 billion, down 9.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.20 per share and revenue of $19.27 billion. These totals would mark changes of -17.95% and -7.2%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection has moved 4.07% lower. The Charles Schwab Corporation is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, The Charles Schwab Corporation currently has a Forward P/E ratio of 18. This valuation marks a premium compared to its industry's average Forward P/E of 13.99.
It is also worth noting that SCHW currently has a PEG ratio of 3.36. 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. The Financial - Investment Bank was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% 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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The Charles Schwab Corporation (SCHW) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, The Charles Schwab Corporation (SCHW - Free Report) closed at $58.41, marking a +1.44% move from the previous day. This move outpaced the S&P 500's daily gain of 0.74%. At the same time, the Dow added 0.25%, and the tech-heavy Nasdaq gained 11.47%.
Coming into today, shares of the company had gained 5.17% in the past month. In that same time, the Finance sector gained 2.29%, while the S&P 500 gained 3.34%.
The Charles Schwab Corporation will be looking to display strength as it nears its next earnings release, which is expected to be July 18, 2023. In that report, analysts expect The Charles Schwab Corporation to post earnings of $0.74 per share. This would mark a year-over-year decline of 23.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.61 billion, down 9.58% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.20 per share and revenue of $19.27 billion. These totals would mark changes of -17.95% and -7.2%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for The Charles Schwab Corporation. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection has moved 4.07% lower. The Charles Schwab Corporation is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, The Charles Schwab Corporation currently has a Forward P/E ratio of 18. This valuation marks a premium compared to its industry's average Forward P/E of 13.99.
It is also worth noting that SCHW currently has a PEG ratio of 3.36. 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. The Financial - Investment Bank was holding an average PEG ratio of 0.99 at yesterday's closing price.
The Financial - Investment Bank industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 21% 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.