Morgan Stanley MS is preparing to release its quarterly earnings on Wednesday, 2024-10-16. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Morgan Stanley to report an earnings per share (EPS) of $1.56.
The market awaits Morgan Stanley's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Historical Earnings Performance
The company's EPS beat by $0.17 in the last quarter, leading to a 0.7% increase in the share price on the following day.
Here's a look at Morgan Stanley's past performance and the resulting price change:
Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
---|---|---|---|---|
EPS Estimate | 1.65 | 1.68 | 0.92 | 1.22 |
EPS Actual | 1.82 | 2.02 | 1.13 | 1.38 |
Price Change % | 1.0% | 1.0% | -2.0% | -3.0% |
Morgan Stanley Share Price Analysis
Shares of Morgan Stanley were trading at $112.28 as of October 14. Over the last 52-week period, shares are up 50.48%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
To track all earnings releases for Morgan Stanley visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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