T. Rowe Price (TROW) closed the most recent trading day at $103.29, moving +1.14% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.69%, while the tech-heavy Nasdaq appreciated by 1.05%.
Coming into today, shares of the financial services firm had lost 1.96% in the past month. In that same time, the Finance sector lost 1.58%, while the S&P 500 gained 0.97%.
The upcoming earnings release of T. Rowe Price will be of great interest to investors. The company's earnings report is expected on October 29, 2026. The company is predicted to post an EPS of $2.59, indicating a 7.83% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.95 billion, showing a 3.22% escalation compared to the year-ago quarter.
TROW's full-year Zacks Consensus Estimates are calling for earnings of $10.1 per share and revenue of $7.68 billion. These results would represent year-over-year changes of +3.91% and +4.96%, respectively.
Investors might also notice recent changes to analyst estimates for T Rowe Price. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.67% lower. T. Rowe Price is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, T. Rowe Price is currently trading at a Forward P/E ratio of 10.12. This represents a discount compared to its industry average Forward P/E of 10.5.
It is also worth noting that TROW currently has a PEG ratio of 2.98. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. TROW's industry had an average PEG ratio of 1.12 as of yesterday's close.
The Financial - Investment Management industry is part of the Finance sector. This group has a Zacks Industry Rank of 213, putting it in the bottom 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).