The PNC Financial Services Group, Inc (PNC) closed the most recent trading day at $128.70, moving +0.59% from the previous trading session. The stock outperformed the S&P 500, which recorded a gain of 0.06% for the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.11%.
The company’s shares climbed 11.88% in the past month, outperforming the Financials sector’s gain of 9.23% and the S&P 500’s gain of 8.22%.
The investment community will be paying close attention to The PNC Financial Services Group, Inc’s earnings performance in its next release. The company is expected to post EPS of $3, indicating a 14.04% decrease compared to the corresponding quarter last year. Meanwhile, the Zacks Consensus Estimate for earnings forecasts net sales of $5.27 billion, down 8.5% from the year-ago period.
PNC’s full-year Zacks Consensus Estimates call for earnings of $13.86 per share and revenue of $21.43 billion. These results would represent year-over-year changes of -0.72% and +1.46%, respectively.
Any recent changes to analyst ratings for The PNC Financial Services Group, Inc should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive rating revisions a sign of optimism about the company’s business outlook.
Our research demonstrates that these adjustments in valuations are directly related to near-term stock price performance. To take advantage of this, we established the Zacks Rank, an exclusive model that takes these rating changes into account and delivers a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. More than the last 30 days, the Zacks Consensus EPS estimate moved 0.74% higher. Currently, The PNC Financial Services Group, Inc holds a Zacks Rank of #3 (Hold).
In terms of valuation, The PNC Financial Services Group, Inc is currently trading with a Forward P/E ratio of 9.23. This indicates a premium relative to the industry’s average Forward P/E of 8.63.
We can additionally observe that PNC currently boasts a PEG ratio of 1.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth. The Banks – Major Regional industry currently had an average PEG ratio of 1.34 at yesterday’s close.
The Banks – An important Regional industry is part of the Finance sector. Currently, this industry has a Zacks Industry Rank of 86, placing it in the top 35% of all 250+ industries.
The Zacks Industry Rank measures the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock movement metrics during the next trading sessions.
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The PNC Financial Services Group, Inc (PNC): Free Analysis Report
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