Morgan Stanley(US:MS) ZACKS·2024-09-27 22:56Company Performance - Morgan Stanley (MS) closed at $104.12, reflecting a -0.46% change from the previous day, underperforming the S&P 500's loss of 0.13% [1] - Over the past month, shares of Morgan Stanley have increased by 1.95%, outperforming the Finance sector's gain of 1.5% but lagging behind the S&P 500's gain of 2.43% [1] - The upcoming earnings release on October 17, 2024, is projected to show an EPS of $1.64, representing an 18.84% increase year-over-year, with revenue expected at $14.38 billion, up 8.31% from the prior year [1] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $7.02 per share and revenue of $58.88 billion, indicating increases of +28.57% and +8.75% respectively from the previous year [2] - Recent changes to analyst estimates reflect optimism regarding Morgan Stanley's business and profitability, with positive revisions correlating with potential stock price performance [2] Valuation Metrics - Morgan Stanley has a Forward P/E ratio of 14.89, which is a discount compared to the industry's average Forward P/E of 17.49 [3] - The company holds a PEG ratio of 1.07, compared to the average PEG ratio for the Financial - Investment Bank industry, which is 1.22 [3] Industry Overview - The Financial - Investment Bank industry is part of the Finance sector and currently holds a Zacks Industry Rank of 67, placing it in the top 27% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]