Raymond James Financial(US:RJF) ZACKS·2024-11-26 22:11分组1 - The third-quarter earnings season showed a total earnings increase of 8.1% on 5.5% higher sales, surpassing estimates of 3.3% growth [1] - Fourth-quarter earnings are projected to grow by 7.7% with a 4.9% increase in revenue according to Zacks estimates [1] - The S&P 500 and Nasdaq are trading near all-time highs, indicating a bullish market outlook for December and January [2] 分组2 - A screening method is introduced to identify stocks with strong upward earnings revisions and price momentum, focusing on Zacks Rank 1 (Strong Buy) stocks [3][5] - The screening criteria include stocks trading within 20% of their 52-week highs, a PEG ratio of less than or equal to 1, and a Price/Sales ratio of less than or equal to 3 [7] - The screening process has narrowed down to seven stock picks, including Raymond James Financial, which is highlighted as a strong buy [6][11] 分组3 - Raymond James Financial's Private Client Group segment contributed 66% of net revenues in fiscal 2024, with a compound annual growth rate of 12.7% over the last three fiscal years [8] - The company exceeded Q4 FY24 earnings estimates, leading to a Zacks Rank 1 (Strong Buy) rating [9] - RJF is projected to grow adjusted EPS by 8% in FY25 and 6% in FY26, with sales growth of 10% and 6% respectively [10] 分组4 - RJF stock has increased by 60% over the past 12 months, significantly outperforming the Zacks Finance sector and the S&P 500 [10] - Despite strong performance, RJF trades at a 14% discount with a forward P/E of 15.3X, and offers a 1.1% dividend yield [11]