In the latest trading session, T. Rowe Price (TROW) closed at $98.10, marking a +1.15% move from the previous day. This change outpaced the S&P 500's 0.24% loss on the day. Meanwhile, the Dow experienced a drop of 0.01%, and the technology-dominated Nasdaq saw a decrease of 0.26%.
Prior to today's trading, shares of the financial services firm had gained 12.52% outpaced the Finance sector's gain of 5.63% and the S&P 500's gain of 6.42%.
Investors will be eagerly watching for the performance of T. Rowe Price in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 30, 2026. The company is expected to report EPS of $2.42, up 8.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $1.88 billion, reflecting a 6.68% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $9.69 per share and revenue of $7.6 billion. These totals would mark changes of -0.31% and +3.97%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for T Rowe Price. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.46% lower. Currently, T. Rowe Price is carrying a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that T. Rowe Price has a Forward P/E ratio of 10 right now. Its industry sports an average Forward P/E of 11.01, so one might conclude that T. Rowe Price is trading at a discount comparatively.
It is also worth noting that TROW currently has a PEG ratio of 4.2. 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. By the end of yesterday's trading, the Financial - Investment Management industry had an average PEG ratio of 1.07.
The Financial - Investment Management industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 205, positioning it in the bottom 16% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power .
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>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
T. Rowe Price Group, Inc. (TROW): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).