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The PNC Financial Services Group (PNC) Up 10.2% Since Last Earnings Report: Can It Continue?
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A month has gone by since the last earnings report for The PNC Financial Services Group, Inc (PNC - Free Report) . Shares have added about 10.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is The PNC Financial Services Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
VGM Scores
Currently, The PNC Financial Services Group has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, The PNC Financial Services Group has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
The PNC Financial Services Group is part of the Zacks Financial - Investment Bank industry. Over the past month, Wells Fargo (WFC - Free Report) , a stock from the same industry, has gained 13.9%. The company reported its results for the quarter ended September 2024 more than a month ago.
Wells Fargo reported revenues of $20.37 billion in the last reported quarter, representing a year-over-year change of -2.4%. EPS of $1.52 for the same period compares with $1.39 a year ago.
Wells Fargo is expected to post earnings of $1.32 per share for the current quarter, representing a year-over-year change of +2.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.1%.
Wells Fargo has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
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The PNC Financial Services Group (PNC) Up 10.2% Since Last Earnings Report: Can It Continue?
A month has gone by since the last earnings report for The PNC Financial Services Group, Inc (PNC - Free Report) . Shares have added about 10.2% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is The PNC Financial Services Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
VGM Scores
Currently, The PNC Financial Services Group has a poor Growth Score of F, however its Momentum Score is doing a lot better with an A. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. Notably, The PNC Financial Services Group has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
The PNC Financial Services Group is part of the Zacks Financial - Investment Bank industry. Over the past month, Wells Fargo (WFC - Free Report) , a stock from the same industry, has gained 13.9%. The company reported its results for the quarter ended September 2024 more than a month ago.
Wells Fargo reported revenues of $20.37 billion in the last reported quarter, representing a year-over-year change of -2.4%. EPS of $1.52 for the same period compares with $1.39 a year ago.
Wells Fargo is expected to post earnings of $1.32 per share for the current quarter, representing a year-over-year change of +2.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +1.1%.
Wells Fargo has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.