JPMorgan Chase (JPM) closed at $102.68 in the latest trading session, marking a -0.25% move from the prior day. This change lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.7%, and the Nasdaq, a tech-heavy index, added 0.08%.
Coming into today, shares of the biggest U.S. bank by assets had gained 11.72% in the past month. In that same time, the Finance sector gained 10.52%, while the S&P 500 gained 9.27%.
JPM will be looking to display strength as it nears its nex t earnings release, which is expected to be April 12, 2019. The company is expected to report EPS of $2.43, up 2.53% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $28.69 billion, up 2.81% from the prior-year quarter.
JPM's full-year Zacks Consensus Estimates are calling for earnings of $9.94 per share and revenue of $113.84 billion. These results would represent year-over-year changes of +10.44% and +4.41%, respectively.
It is also important to note the recent changes to analyst estimates for JPM. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.06% lower. JPM is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, JPM is holding a Forward P/E ratio of 10.35. This valuation marks a premium compared to its industry's average Forward P/E of 10.34.
It is also worth noting that JPM currently has a PEG ratio of 1.55. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. JPM's industry had an average PEG ratio of 1.26 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 172, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.