Chubb (CB) closed the most recent trading day at $312.61, moving +1.34% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.16%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.59%.
The insurer's shares have seen an increase of 4.39% over the last month, surpassing the Finance sector's gain of 1.44% and the S&P 500's loss of 0.21%.
The investment community will be closely monitoring the performance of Chubb in its forthcoming earnings report. The company is forecasted to report an EPS of $6.31, showcasing a 4.82% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.28 billion, up 6.93% from the year-ago period.
CB's full-year Zacks Consensus Estimates are calling for earnings of $23.66 per share and revenue of $59.77 billion. These results would represent year-over-year changes of +5.11% and +6.31%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Chubb. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.65% upward. At present, Chubb boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Chubb is presently trading at a Forward P/E ratio of 13.04. This valuation marks a premium compared to its industry average Forward P/E of 11.56.
One should further note that CB currently holds a PEG ratio of 3.52. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Insurance - Property and Casualty was holding an average PEG ratio of 1.6 at yesterday's closing price.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CB in the coming trading sessions, be sure to utilize Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Chubb Limited (CB): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
