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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
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Morgan Stanley (MS - Free Report) closed the most recent trading day at $90.76, moving -0.9% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Morgan Stanley will be of great interest to investors. The company's earnings report is expected on January 16, 2024. It is anticipated that the company will report an EPS of $1.23, marking a 6.11% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 1.41% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $54.1 billion, indicating changes of -12.26% and +0.8%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Morgan Stanley. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Morgan Stanley currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 16.42. Its industry sports an average Forward P/E of 17.81, so one might conclude that Morgan Stanley is trading at a discount comparatively.
It's also important to note that MS currently trades at a PEG ratio of 2.67. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.
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Morgan Stanley (MS) Stock Sinks As Market Gains: What You Should Know
Morgan Stanley (MS - Free Report) closed the most recent trading day at $90.76, moving -0.9% from the previous trading session. This change lagged the S&P 500's daily gain of 0.45%.
The upcoming earnings release of Morgan Stanley will be of great interest to investors. The company's earnings report is expected on January 16, 2024. It is anticipated that the company will report an EPS of $1.23, marking a 6.11% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $12.93 billion, reflecting a 1.41% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.58 per share and revenue of $54.1 billion, indicating changes of -12.26% and +0.8%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Morgan Stanley. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Morgan Stanley currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 16.42. Its industry sports an average Forward P/E of 17.81, so one might conclude that Morgan Stanley is trading at a discount comparatively.
It's also important to note that MS currently trades at a PEG ratio of 2.67. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.61 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. This group has a Zacks Industry Rank of 200, putting it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow MS in the coming trading sessions, be sure to utilize Zacks.com.