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Prologis (PLD) Gains As Market Dips: What You Should Know
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Prologis (PLD - Free Report) closed the most recent trading day at $127.48, moving +0.17% from the previous trading session. This change outpaced the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the industrial real estate developer had lost 16.89% over the past month, lagging the Finance sector's gain of 2.05% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from Prologis as it approaches its next earnings release. The company is expected to report EPS of $1.12, up 10.89% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.1 billion, up 8.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.15 per share and revenue of $4.52 billion. These totals would mark changes of +24.1% and +9%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Prologis. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Prologis currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 24.7. This valuation marks a premium compared to its industry's average Forward P/E of 14.4.
We can also see that PLD currently has a PEG ratio of 2.52. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.58 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% 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.
To follow PLD in the coming trading sessions, be sure to utilize Zacks.com.
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Prologis (PLD) Gains As Market Dips: What You Should Know
Prologis (PLD - Free Report) closed the most recent trading day at $127.48, moving +0.17% from the previous trading session. This change outpaced the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.15%.
Heading into today, shares of the industrial real estate developer had lost 16.89% over the past month, lagging the Finance sector's gain of 2.05% and the S&P 500's gain of 0.89% in that time.
Investors will be hoping for strength from Prologis as it approaches its next earnings release. The company is expected to report EPS of $1.12, up 10.89% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.1 billion, up 8.84% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.15 per share and revenue of $4.52 billion. These totals would mark changes of +24.1% and +9%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Prologis. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. Prologis currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 24.7. This valuation marks a premium compared to its industry's average Forward P/E of 14.4.
We can also see that PLD currently has a PEG ratio of 2.52. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.58 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 161, which puts it in the bottom 37% 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.
To follow PLD in the coming trading sessions, be sure to utilize Zacks.com.