This is probably a basic question but can anyone explain forward P/E increasing if forward EPS is increasing as well?

I’m a bit confused as to why JXNs forward P/E is higher than it currently is since earnings are expected to increase over 10% next year.

I thought that EPS increasing next year would lower the forward P/E as well? I can’t seem to find an answer to this.

Every thing online says forward p/e should decrease when forward EPS increases.

Is the forward EPS not increasing enough to lower the forward P/E? That’s the only thing I can think of to explain it. Finviz link is below.

To abide by the community rules I do own a few shares but it’s a very small percentage of my portfolio.

Edit: Let me explain better where my confusion is coming in. I see that it says the EPS is decreasing. But it also says EPS next year is increasing by over 12%

Thanks

https://finviz.com/quote.ashx?t=JXN&ty=c&ta=1&p=d

2nd Edit: Adding what I said in a comment since I think this is likely either the answer or going down the right path.

I compared the finviz numbers to TIKR and TIKR has the EPS estimates as decreasing in 2023 but going back to 2022 numbers in 2024.

So I think the 12.66% EPS increase in Finviz (which was causing the confusion) is for 2023 to 24 (increasing next year after a decline in EPS this year.)

And the ttm vs forward EPS from Finviz is 2022 vs 2023. So yes, EPS is declining this year but expected to increase again in 2024.

https://app.tikr.com/stock/estimates?cid=262396878&tid=711212103&ref=8i23vs

submitted by /u/Grilledcheesus96
[link] [comments] https://www.reddit.com/r/stocks/comments/14x0yd6/this_is_probably_a_basic_question_but_can_anyone/
Erstellt 11mo | 11.07.2023, 22:22:03


Melden Sie sich an, um einen Kommentar hinzuzufügen

Andere Beiträge in dieser Gruppe

Rate My Portfolio - r/Stocks Quarterly Thread September 2023

Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.

Why quarterly? Public comp

21.10.2023, 01:20:16 | reddit stocks
Tax planning when selling one stock to buy another stock?

When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to

18.10.2023, 06:20:11 | reddit stocks
Retirement Planning's-3 stocks could help power your investment portfolio and make you wealthier by retirement.

Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec

18.10.2023, 01:51:00 | reddit stocks
r/Stocks Daily Discussion Monday - Oct 16, 2023

These daily discussions run from Monday to Friday including during our themed posts.

Some helpful links:

18.10.2023, 01:50:58 | reddit stocks
Discovery Financial Services (DFS). Any good ?

I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co

18.10.2023, 01:50:56 | reddit stocks
Tax implications of selling one etf for a dividend etf?

Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g

18.10.2023, 01:50:53 | reddit stocks
Crocs Stock Analysis (CROX)

Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate

18.10.2023, 01:50:51 | reddit stocks