Morgan Stanley Shares Jump 1.2% to $168.79 Post 8.3% Monthly Drop
Morgan Stanley closed at $168.79, up 1.19%, outpacing the S&P 500’s 0.77% gain but trailing finance peers after an 8.29% drop over the past month. The firm will report Q1 results April 15 with expectations of $2.89 EPS (up 11.2% YoY) on $19.07B revenue (up 7.5%).
1. Stock Performance
Morgan Stanley closed at $168.79 on February 24, up 1.19%, outpacing the S&P 500’s 0.77% and Dow’s 0.76% gains and nearly matching the Nasdaq’s 1.05% rise. Over the past month, the stock declined 8.29%, lagging the Finance sector’s 1.34% loss and the S&P 500’s 0.98% drop.
2. Upcoming Earnings
The company will report Q1 results on April 15, with analysts forecasting $2.89 earnings per share, an 11.15% increase from last year, and revenue of $19.07 billion, up 7.52%. Full-year estimates call for $11.09 EPS (up 8.62%) on $74.89 billion revenue (up 6.01%).
3. Valuation and Analyst Outlook
Morgan Stanley carries a Zacks Rank of #2 (Buy) with consensus EPS estimates up 0.14% over the past 30 days. The stock trades at a forward P/E of 15.04 versus the industry’s 13.35 and a PEG ratio of 1.34 compared to the industry average of 1.10, while the Financial – Investment Bank group ranks in the top 15% of industries.