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Simon Property (SPG) Gains But Lags Market: What You Should Know
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In the latest trading session, Simon Property (SPG - Free Report) closed at $118.87, marking a +1.23% move from the previous day. The stock lagged the S&P 500's daily gain of 2.28%. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 5.02%.
Heading into today, shares of the shopping mall real estate investment trust had gained 0.26% over the past month, outpacing the Finance sector's loss of 1.02% and the S&P 500's loss of 4.61% in that time.
Simon Property will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.14, up 1.62% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.37 billion, up 3.05% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Simon Property. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.22% higher. Simon Property currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Simon Property is holding a Forward P/E ratio of 9.69. This valuation marks a discount compared to its industry's average Forward P/E of 12.8.
It is also worth noting that SPG currently has a PEG ratio of 2.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SPG's industry had an average PEG ratio of 2.13 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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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Simon Property (SPG) Gains But Lags Market: What You Should Know
In the latest trading session, Simon Property (SPG - Free Report) closed at $118.87, marking a +1.23% move from the previous day. The stock lagged the S&P 500's daily gain of 2.28%. Elsewhere, the Dow gained 2.13%, while the tech-heavy Nasdaq added 5.02%.
Heading into today, shares of the shopping mall real estate investment trust had gained 0.26% over the past month, outpacing the Finance sector's loss of 1.02% and the S&P 500's loss of 4.61% in that time.
Simon Property will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $3.14, up 1.62% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.37 billion, up 3.05% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Simon Property. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.22% higher. Simon Property currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Simon Property is holding a Forward P/E ratio of 9.69. This valuation marks a discount compared to its industry's average Forward P/E of 12.8.
It is also worth noting that SPG currently has a PEG ratio of 2.55. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. SPG's industry had an average PEG ratio of 2.13 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 167, which puts it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.