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VICI Properties Inc. (VICI) Gains But Lags Market: What You Should Know
VICI Properties Inc. (VICI - Free Report) closed the most recent trading day at $31.80, moving +1.05% from the previous trading session. This move lagged the S&P 500's daily gain of 2.28%. Meanwhile, the Dow gained 2.13%, and the Nasdaq, a tech-heavy index, added 5.02%.
Coming into today, shares of the company had lost 6.56% in the past month. In that same time, the Finance sector lost 1.02%, while the S&P 500 lost 4.61%.
VICI Properties Inc. will be looking to display strength as it nears its next earnings release, which is expected to be February 23, 2023. In that report, analysts expect VICI Properties Inc. to post earnings of $0.50 per share. This would mark year-over-year growth of 13.64%. Our most recent consensus estimate is calling for quarterly revenue of $765.45 million, up 99.78% from the year-ago period.
It is also important to note the recent changes to analyst estimates for VICI Properties Inc.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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.36% higher. VICI Properties Inc. currently has a Zacks Rank of #2 (Buy).
Digging into valuation, VICI Properties Inc. currently has a Forward P/E ratio of 15.05. This valuation marks a premium compared to its industry's average Forward P/E of 11.41.
It is also worth noting that VICI currently has a PEG ratio of 2.2. 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. VICI's industry had an average PEG ratio of 1.94 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 22% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.