Chubb (CB) ended the recent trading session at $323.64, demonstrating a -1.32% change from the preceding day’s closing price. This change lagged the S&P 500’s 0.28% loss on the day. Meanwhile, the Dow experienced a drop of 0.44%, and the technology-dominated Nasdaq saw a decrease of 0.28%.
Coming into today, shares of the insurer had lost 0.4% in the past month. In that same time, the Finance sector lost 6.73%, while the S&P 500 lost 3.59%.
Market participants will be closely following the financial results of Chubb in its upcoming release. In that report, analysts expect Chubb to post earnings of $6.47 per share. This would mark year-over-year growth of 75.82%. Alongside, our most recent consensus estimate is anticipating revenue of $14.86 billion, indicating a 8.68% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $26.4 per share and revenue of $63.36 billion, indicating changes of +6.49% and +5.67%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Chubb should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we’ve crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.24% higher. Right now, Chubb possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Chubb is holding a Forward P/E ratio of 12.42. This denotes a premium relative to the industry average Forward P/E of 9.94.
It’s also important to note that CB currently trades at a PEG ratio of 2.04. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company’s expected earnings growth trajectory. Insurance – Property and Casualty stocks are, on average, holding a PEG ratio of 2.03 based on yesterday’s closing prices.
The Insurance – Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 30, positioning it in the top 13% of all 250+ industries.