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W.P. Carey (WPC) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, W.P. Carey (WPC - Free Report) closed at $67.55, marking a -0.53% move from the previous day. This move lagged the S&P 500's daily gain of 0.45%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.99%.
Coming into today, shares of the real estate investment trust had lost 2.09% in the past month. In that same time, the Finance sector gained 3.63%, while the S&P 500 gained 4.25%.
Investors will be hoping for strength from W.P. Carey as it approaches its next earnings release. The company is expected to report EPS of $1.34, up 2.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $442.38 million, up 28.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.36 per share and revenue of $1.79 billion. These totals would mark changes of +1.32% and +21.36%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for W.P. Carey. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.48% higher. W.P. Carey currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, W.P. Carey is holding a Forward P/E ratio of 12.67. This valuation marks a premium compared to its industry's average Forward P/E of 11.47.
Investors should also note that WPC has a PEG ratio of 8.23 right now. 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. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.02 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 168, which puts it in the bottom 34% 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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W.P. Carey (WPC) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, W.P. Carey (WPC - Free Report) closed at $67.55, marking a -0.53% move from the previous day. This move lagged the S&P 500's daily gain of 0.45%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 1.99%.
Coming into today, shares of the real estate investment trust had lost 2.09% in the past month. In that same time, the Finance sector gained 3.63%, while the S&P 500 gained 4.25%.
Investors will be hoping for strength from W.P. Carey as it approaches its next earnings release. The company is expected to report EPS of $1.34, up 2.29% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $442.38 million, up 28.45% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.36 per share and revenue of $1.79 billion. These totals would mark changes of +1.32% and +21.36%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for W.P. Carey. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.48% higher. W.P. Carey currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, W.P. Carey is holding a Forward P/E ratio of 12.67. This valuation marks a premium compared to its industry's average Forward P/E of 11.47.
Investors should also note that WPC has a PEG ratio of 8.23 right now. 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. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.02 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 168, which puts it in the bottom 34% 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.