Morgan Stanley (MS) closed the most recent trading day at $92.03, moving +0.01% from the previous trading session. This change lagged the S&P 500’s 0.75% gain on the day.
Coming into today, shares of the investment bank had lost 2.05% in the past month. In that same time, the Finance sector lost 2%, while the S&P 500 gained 3.52%.
Wall Street will be looking for positivity from MS as it approaches its next earnings report date. This is expected to be July 15, 2021. In that report, analysts expect MS to post earnings of $1.64 per share. This would mark a year-over-year decline of 19.61%. Meanwhile, our latest consensus estimate is calling for revenue of $13.82 billion, up 3.03% from the prior-year quarter.
MS’s full-year Zacks Consensus Estimates are calling for earnings of $7.05 per share and revenue of $55.65 billion. These results would represent year-over-year changes of +7.14% and +15.46%, respectively.
Investors should also note any recent changes to analyst estimates for MS. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.