Yahoo Finance KeyCorp (KEY) Gains As Market Dips: What You Should Know
KeyCorp (KEY) closed the most recent trading day at $19.03, moving +0.58% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.03%. At the same time, the Dow added 0.45%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the company had gained 6.59% over the past month. This has lagged the Finance sector's gain of 8.94% and outpaced the S&P 500's gain of 6.23% in that time.
Wall Street will be looking for positivity from KeyCorp as it approaches its next earnings report date. The company is expected to report EPS of $0.58, down 9.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.93 billion, down 0.46% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.13 per share and revenue of $7.3 billion. These totals would mark changes of -18.7% and +0.44%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for KeyCorp. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.98% lower. KeyCorp currently has a Zacks Rank of #3 (Hold).
Investors should also note KeyCorp's current valuation metrics, including its Forward P/E ratio of 8.88. This represents a discount compared to its industry's average Forward P/E of 10.64.
Meanwhile, KEY's PEG ratio is currently 0.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Banks - Major Regional industry currently had an average PEG ratio of 1.35 as of yesterday's close.
The Banks - Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 146, putting it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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KeyCorp (KEY) : Free Stock Analysis Report
