JPMorgan Chase & Co. (JPM) closed at $313.08 in the latest trading session, marking a +1.77% move from the prior day. The stock’s performance was ahead of the S&P 500’s daily gain of 0.54%. On the other hand, the Dow registered a gain of 0.61%, and the technology-centric Nasdaq increased by 0.65%.
Shares of the company have depreciated by 0.58% over the course of the past month, underperforming the Finance sector’s gain of 0.28%, and outperforming the S&P 500’s loss of 0.8%.
Market participants will be closely following the financial results of JPMorgan Chase & Co. in its upcoming release. It is anticipated that the company will report an EPS of $4.9, marking a 1.87% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.39 billion, up 6.14% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $20.24 per share and revenue of $182.45 billion. These totals would mark changes of +2.48% and +2.76%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for JPMorgan Chase & Co. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% higher. Currently, JPMorgan Chase & Co. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, JPMorgan Chase & Co. is presently being traded at a Forward P/E ratio of 15.2. Its industry sports an average Forward P/E of 16.7, so one might conclude that JPMorgan Chase & Co. is trading at a discount comparatively.
We can additionally observe that JPM currently boasts a PEG ratio of 1.57. 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 industry currently had an average PEG ratio of 1.08 as of yesterday’s close.
Source: sg.finance.yahoo.com
