Morgan Stanley(US:MS) ZACKSยท2024-09-23 23:06Company Overview - Morgan Stanley's stock closed at $102.47, showing no change from the previous trading day, underperforming the S&P 500 which gained 0.28% [1] - Over the past month, Morgan Stanley's shares increased by 0.57%, lagging behind the Finance sector's gain of 3.08% and the S&P 500's gain of 2% [1] Upcoming Earnings - The upcoming earnings report is scheduled for October 17, 2024, with an expected EPS of $1.65, indicating a 19.57% growth year-over-year [1] - Revenue is projected to be $14.38 billion, reflecting an 8.3% increase compared to the same quarter last year [1] Full Year Estimates - For the full year, analysts expect earnings of $7.03 per share and revenue of $58.88 billion, representing changes of +28.75% and +8.74% respectively from the previous year [2] - Recent analyst estimate revisions suggest a positive outlook for the company's business [2] Zacks Rank and Valuation - Morgan Stanley currently holds a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 14.57, which is lower than the industry's average of 17.06 [3] - The company has a PEG ratio of 1.05, compared to the industry average of 1.19 [3] Industry Context - The Financial - Investment Bank industry is ranked 63 in the Zacks Industry Rank, placing it in the top 25% of over 250 industries [4] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [4]