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Wells Fargo (WFC) Stock Moves -1.18%: What You Should Know
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In the latest trading session, Wells Fargo (WFC - Free Report) closed at $51.25, marking a -1.18% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.73%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq lost 2.07%.
Heading into today, shares of the biggest U.S. mortgage lender had lost 1.82% over the past month, outpacing the Finance sector's loss of 7.4% and the S&P 500's loss of 7.09% in that time.
WFC will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. On that day, WFC is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 22.68%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.31 billion, down 3.36% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.29 per share and revenue of $86.16 billion. These totals would mark changes of +4.38% and -2.26%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for WFC. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% lower. WFC currently has a Zacks Rank of #3 (Hold).
Investors should also note WFC's current valuation metrics, including its Forward P/E ratio of 12.1. Its industry sports an average Forward P/E of 11.1, so we one might conclude that WFC is trading at a premium comparatively.
Investors should also note that WFC has a PEG ratio of 1.16 right now. 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 - Major Regional was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 32% 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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Wells Fargo (WFC) Stock Moves -1.18%: What You Should Know
In the latest trading session, Wells Fargo (WFC - Free Report) closed at $51.25, marking a -1.18% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.73%. At the same time, the Dow lost 1.19%, and the tech-heavy Nasdaq lost 2.07%.
Heading into today, shares of the biggest U.S. mortgage lender had lost 1.82% over the past month, outpacing the Finance sector's loss of 7.4% and the S&P 500's loss of 7.09% in that time.
WFC will be looking to display strength as it nears its next earnings release, which is expected to be January 11, 2019. On that day, WFC is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 22.68%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.31 billion, down 3.36% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.29 per share and revenue of $86.16 billion. These totals would mark changes of +4.38% and -2.26%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for WFC. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% lower. WFC currently has a Zacks Rank of #3 (Hold).
Investors should also note WFC's current valuation metrics, including its Forward P/E ratio of 12.1. Its industry sports an average Forward P/E of 11.1, so we one might conclude that WFC is trading at a premium comparatively.
Investors should also note that WFC has a PEG ratio of 1.16 right now. 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 - Major Regional was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 82, putting it in the top 32% 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.