Cowen Group (COWN) closed the newest buying and sel
Cowen Group (COWN) closed the newest buying and selling day at $37.67, transferring +1.32% from the earlier buying and selling session. This transfer outpaced the S&P 500’s day by day achieve of 0.29%. Elsewhere, the Dow gained 0.58%, whereas the tech-heavy Nasdaq added 0.4%.
Coming into at this time, shares of the monetary providers firm had gained 14.84% up to now month. In that very same time, the Finance sector gained 3.84%, whereas the S&P 500 gained 0.91%.
Wall Avenue shall be in search of positivity from COWN because it approaches its subsequent earnings report date. In that report, analysts count on COWN to publish earnings of $2.27 per share. This might mark year-over-year development of 1045.83%. Our most up-to-date consensus estimate is looking for quarterly income of $397.26 million, up 88.35% from the year-ago interval.
For the complete 12 months, our Zacks Consensus Estimates are projecting earnings of $7.01 per share and income of $1.46 billion, which might signify modifications of -38.35% and -6.34%, respectively, from the prior 12 months.
Buyers also needs to notice any current modifications to analyst estimates for COWN. These current revisions are inclined to replicate the evolving nature of short-term enterprise developments. As such, constructive estimate revisions replicate analyst optimism concerning the firm’s enterprise and profitability.
Analysis signifies that these estimate revisions are immediately correlated with near-term share value momentum. To profit from this, we’ve got developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications into consideration and supplies an actionable ranking system.
Starting from #1 (Sturdy Purchase) to #5 (Sturdy Promote), the Zacks Rank system has a confirmed, outside-audited observe report of outperformance, with #1 shares returning a mean of +25% yearly since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. COWN is presently sporting a Zacks Rank of #1 (Sturdy Purchase).
By way of valuation, COWN is presently buying and selling at a Ahead P/E ratio of 5.53. For comparability, its business has a mean Ahead P/E of 14.66, which implies COWN is buying and selling at a reduction to the group.
The Monetary – Funding Financial institution business is a part of the Finance sector. This group has a Zacks Business Rank of 5, placing it within the high 2% of all 250+ industries.
The Zacks Business Rank gauges the energy of our particular person business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
You’ll find extra info on all of those metrics, and way more, on Zacks.com.
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Cowen Group, Inc. (COWN): Free Inventory Evaluation Report
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