We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Morgan Stanley (MS) Beats on Q1 Earnings & Revenue Estimates
Read MoreHide Full Article
Have you been eager to see how Morgan Stanley (MS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based leading financial services holding company’s earnings release this morning:
An Earnings Beat
Morgan Stanley came out with earnings from continuing operations of $1.00 per share, which surpassed the Zacks Consensus Estimate of 90 cents.
Improved revenues were the main reason for earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Morgan Stanley depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days.
Further, Morgan Stanley has a decent earnings surprise history. Before posting the earnings beat in Q1, the company delivered positive surprises in all the prior four quarters, as shown in the chart below:
Morgan Stanley posted net revenues of $9.7 billion, which compared favorably with the year-ago number of $7.8 billion. The Zacks Consensus Estimate was $9.1 billion.
Key Statistics:
Sales & Trading revenue were $3.5 billion
Fixed Income sales and trading net revenues were $1.7 billion
Repurchased $750 million worth shares during the quarter
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Morgan Stanley. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
Following the earnings release, Morgan Stanley shares were up nearly 4% in the pre-trading session. This is in contrast to what the stock witnessed in the last day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.
Check back later for our full write up on this Morgan Stanley earnings report!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Morgan Stanley (MS) Beats on Q1 Earnings & Revenue Estimates
Have you been eager to see how Morgan Stanley (MS - Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based leading financial services holding company’s earnings release this morning:
An Earnings Beat
Morgan Stanley came out with earnings from continuing operations of $1.00 per share, which surpassed the Zacks Consensus Estimate of 90 cents.
Improved revenues were the main reason for earnings beat.
How Was the Estimate Revision Trend?
You should note that the earnings estimate revisions for Morgan Stanley depicted neutral stance prior to the earnings release. The Zacks Consensus Estimate has remained stable over the last 30 days.
Further, Morgan Stanley has a decent earnings surprise history. Before posting the earnings beat in Q1, the company delivered positive surprises in all the prior four quarters, as shown in the chart below:
Morgan Stanley Price and EPS Surprise
Morgan Stanley Price and EPS Surprise | Morgan Stanley Quote
Revenue
Morgan Stanley posted net revenues of $9.7 billion, which compared favorably with the year-ago number of $7.8 billion. The Zacks Consensus Estimate was $9.1 billion.
Key Statistics:
What Zacks Rank Says
The estimate revisions that we discussed earlier have driven a Zacks Rank #3 (Hold) for Morgan Stanley. However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. While things apparently look favorable, it all depends on what sense the just-released report makes to the analysts.
(You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.)
How the Market Reacted So Far
Following the earnings release, Morgan Stanley shares were up nearly 4% in the pre-trading session. This is in contrast to what the stock witnessed in the last day’s session. Clearly, the initial reaction shows that the investors have considered the results in their favor. However, the full-session’s price movement may indicate a different picture.
Check back later for our full write up on this Morgan Stanley earnings report!
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>