Morgan Stanley(US:MS) ZACKSยท2024-09-10 22:55Company Performance - Morgan Stanley (MS) closed at $96.62, reflecting a -1.59% change from the previous day, underperforming the S&P 500 which gained 0.45% [1] - Over the past month, shares of Morgan Stanley appreciated by 3.52%, underperforming the Finance sector's gain of 4.51% but outperforming the S&P 500's gain of 2.54% [1] - The upcoming earnings report on October 17, 2024, is expected to show earnings of $1.64 per share, representing a year-over-year growth of 18.84%, with revenue anticipated at $14.36 billion, up 8.21% from the prior-year quarter [1] Annual Estimates - For the annual period, Zacks Consensus Estimates project earnings of $7.03 per share and revenue of $58.86 billion, indicating increases of +28.75% and +8.72% respectively from the previous year [2] Analyst Sentiment - Recent changes to analyst estimates for Morgan Stanley are crucial as they reflect the evolving business landscape, with positive revisions indicating analyst optimism regarding the company's profitability [2] - The Zacks Rank system currently rates Morgan Stanley at 3 (Hold), with no changes in the consensus EPS estimate over the past month [3] Valuation Metrics - Morgan Stanley has a Forward P/E ratio of 13.97, which is a discount compared to the industry's average Forward P/E of 16.11 [3] - The company holds a PEG ratio of 1.01, compared to the average PEG ratio for the Financial - Investment Bank industry, which is 1.11 [3] Industry Context - The Financial - Investment Bank industry is part of the Finance sector and currently holds a Zacks Industry Rank of 96, placing it in the top 38% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]