Group 1: Earnings Performance - Morgan Stanley reported quarterly earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.57 per share, and up from $1.38 per share a year ago, representing an earnings surprise of 19.75% [1] - The company posted revenues of $15.38 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 7.77%, compared to $13.27 billion in the same quarter last year [1] - Over the last four quarters, Morgan Stanley has consistently surpassed consensus EPS and revenue estimates [1] Group 2: Stock Performance and Outlook - Morgan Stanley shares have increased approximately 20.3% since the beginning of the year, while the S&P 500 has gained 21.9% [2] - The current consensus EPS estimate for the upcoming quarter is $1.49 on revenues of $14.36 billion, and for the current fiscal year, it is $6.94 on revenues of $58.78 billion [4] - The estimate revisions trend for Morgan Stanley is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [4] Group 3: Industry Context - The Financial - Investment Bank industry, to which Morgan Stanley belongs, is currently in the top 40% of over 250 Zacks industries, suggesting a favorable industry outlook [5] - Another company in the same industry, Raymond James Financial, Inc., is expected to report quarterly earnings of $2.46 per share, reflecting a year-over-year increase of 15.5% [5][6]
Morgan Stanley (MS) Q3 Earnings and Revenues Surpass Estimates