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Simon Property (SPG) Stock Sinks As Market Gains: What You Should Know
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Simon Property (SPG - Free Report) closed the most recent trading day at $109.08, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.
Coming into today, shares of the shopping mall real estate investment trust had gained 8.39% in the past month. In that same time, the Finance sector gained 3.13%, while the S&P 500 gained 4.31%.
Investors will be hoping for strength from Simon Property as it approaches its next earnings release. The company is expected to report EPS of $2.91, down 1.69% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, up 5.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.92 per share and revenue of $5.54 billion. These totals would mark changes of +0.42% and +4.78%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Simon Property. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Simon Property is currently a Zacks Rank #3 (Hold).
Investors should also note Simon Property's current valuation metrics, including its Forward P/E ratio of 9.29. This represents a discount compared to its industry's average Forward P/E of 12.22.
Investors should also note that SPG has a PEG ratio of 2.69 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Retail industry currently had an average PEG ratio of 2.69 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 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Simon Property (SPG) Stock Sinks As Market Gains: What You Should Know
Simon Property (SPG - Free Report) closed the most recent trading day at $109.08, moving -1.49% from the previous trading session. This change lagged the S&P 500's 0.37% gain on the day. Meanwhile, the Dow lost 0.01%, and the Nasdaq, a tech-heavy index, lost 1.26%.
Coming into today, shares of the shopping mall real estate investment trust had gained 8.39% in the past month. In that same time, the Finance sector gained 3.13%, while the S&P 500 gained 4.31%.
Investors will be hoping for strength from Simon Property as it approaches its next earnings release. The company is expected to report EPS of $2.91, down 1.69% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.35 billion, up 5.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.92 per share and revenue of $5.54 billion. These totals would mark changes of +0.42% and +4.78%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Simon Property. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.02% lower within the past month. Simon Property is currently a Zacks Rank #3 (Hold).
Investors should also note Simon Property's current valuation metrics, including its Forward P/E ratio of 9.29. This represents a discount compared to its industry's average Forward P/E of 12.22.
Investors should also note that SPG has a PEG ratio of 2.69 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Retail industry currently had an average PEG ratio of 2.69 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 90, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank includes is listed in order 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.