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Prologis (PLD) Dips More Than Broader Markets: What You Should Know
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In the latest trading session, Prologis (PLD - Free Report) closed at $116.06, marking a -0.51% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, added 11.55%.
Coming into today, shares of the industrial real estate developer had gained 0.28% in the past month. In that same time, the Finance sector lost 1.02%, while the S&P 500 lost 1.03%.
Prologis will be looking to display strength as it nears its next earnings release, which is expected to be January 18, 2023. The company is expected to report EPS of $1.21, up 8.04% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.41 billion, up 31.5% from the prior-year quarter.
Any recent changes to analyst estimates for Prologis should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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. The Zacks Consensus EPS estimate has moved 0.52% lower within the past month. Prologis is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Prologis has a Forward P/E ratio of 20.95 right now. Its industry sports an average Forward P/E of 11.63, so we one might conclude that Prologis is trading at a premium comparatively.
We can also see that PLD currently has a PEG ratio of 2.42. 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 - Other industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Prologis (PLD) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Prologis (PLD - Free Report) closed at $116.06, marking a -0.51% move from the previous day. This change lagged the S&P 500's 0.08% loss on the day. Meanwhile, the Dow lost 0.34%, and the Nasdaq, a tech-heavy index, added 11.55%.
Coming into today, shares of the industrial real estate developer had gained 0.28% in the past month. In that same time, the Finance sector lost 1.02%, while the S&P 500 lost 1.03%.
Prologis will be looking to display strength as it nears its next earnings release, which is expected to be January 18, 2023. The company is expected to report EPS of $1.21, up 8.04% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.41 billion, up 31.5% from the prior-year quarter.
Any recent changes to analyst estimates for Prologis should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, 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. The Zacks Consensus EPS estimate has moved 0.52% lower within the past month. Prologis is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Prologis has a Forward P/E ratio of 20.95 right now. Its industry sports an average Forward P/E of 11.63, so we one might conclude that Prologis is trading at a premium comparatively.
We can also see that PLD currently has a PEG ratio of 2.42. 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 - Other industry currently had an average PEG ratio of 1.97 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.