Summary JPMorgan Chase & Co., a leading financial institution, has been gaining attention as one of the most searched stocks on Zacks.com. The company's recent performance and future prospects are crucial for investors to consider. In this article, we'll delve into key factors that could influence JPMorgan Chase & Co.'s stock price in the near future, including revisions to earnings estimates, revenue growth, last reported results, and valuation.
Revisions to Earnings Estimates Earnings estimate revisions are a critical aspect of evaluating a company's stock performance. At Zacks, we prioritize analyzing changes in consensus earnings estimates as they directly impact a stock's fair value. When earnings estimates rise, the fair value for a stock increases, leading to an upward price movement.
The consensus earnings estimate for JPMorgan Chase & Co. stands at $3.99 per share for the current quarter, representing a year-over-year change of +0.5%. Over the last 30 days, the Zacks Consensus Estimate has changed by +0.3%. For the current fiscal year, the consensus earnings estimate is $18.91, indicating a year-over-year change of +16.5%. This estimate has increased by +0.9% over the past month.
For the next fiscal year, the consensus earnings estimate for JPMorgan Chase & Co. is $16.84, representing a change of -11% from what the company was expected to report a year ago. Over the last 30 days, this estimate has increased by +0.9%.
Our proprietary stock rating tool, the Zacks Rank, effectively harnesses the power of earnings estimate revisions to provide a conclusive indicator of a stock's near-term price performance. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for JPMorgan Chase & Co.
12 Month EPS Projection and Revenue Growth While earnings growth is an essential indicator of a company's financial health, revenue growth is equally crucial. A business cannot sustainably increase its earnings without growing its revenues. Therefore, understanding a company's potential revenue growth is vital.
For JPMorgan Chase & Co., the consensus sales estimate for the current quarter stands at $40.92 billion, indicating a year-over-year change of +6.1%. For the current and next fiscal years, the estimates are $175.39 billion and $168.59 billion, representing +10.9% and -3.9% changes, respectively.
Last Reported Results and Surprise History JPMorgan Chase & Co.'s last reported quarter saw revenues of $42.65 billion, a year-over-year change of +7%. EPS for the same period was $4.37 compared to $4.33 a year ago. The company's reported revenues exceeded consensus estimates by 3.87%, with an EPS surprise of 8.71%.
JPMorgan Chase & Co. has consistently beaten consensus EPS estimates over the last four quarters, while topping revenue estimates three times during this period.
Valuation A stock's valuation is a critical factor in determining its future price performance. Comparing a company's current value to its historical values and those of its peers helps determine whether it is fairly valued or not.
The Zacks Value Style Score, part of the Zacks Style Scores system, organizes stocks into five groups based on their valuation multiples (P/E, P/S, P/CF). JPMorgan Chase & Co. has been graded F, indicating that it is trading at a premium to its peers. To better understand this grade, we recommend examining some of the valuation metrics that have driven this assessment.
Conclusion The key factors discussed in this article and other information available on Zacks.com can help investors determine whether JPMorgan Chase & Co.'s market buzz is worth paying attention to. Despite its current Zacks Rank #3 (Hold), suggesting it may perform in line with the broader market, there are reasons to consider the stock's future prospects.
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