We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
W.P. Carey (WPC) Outperforms Broader Market: What You Need to Know
Read MoreHide Full Article
The latest trading session saw W.P. Carey (WPC - Free Report) ending at $67.37, denoting a +1.19% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.
The real estate investment trust's shares have seen an increase of 1.82% over the last month, surpassing the Finance sector's gain of 0.69% and falling behind the S&P 500's gain of 3.52%.
The upcoming earnings release of W.P. Carey will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 6.2% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $428.15 million, indicating a 6.34% upward movement from the same quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for W.P. Carey. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 2.7% higher. Right now, W.P. Carey possesses a Zacks Rank of #3 (Hold).
Investors should also note W.P. Carey's current valuation metrics, including its Forward P/E ratio of 14.05. This represents a premium compared to its industry's average Forward P/E of 11.33.
Also, we should mention that WPC has a PEG ratio of 8.12. 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 industry had an average PEG ratio of 2.53 as trading concluded yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 38% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
W.P. Carey (WPC) Outperforms Broader Market: What You Need to Know
The latest trading session saw W.P. Carey (WPC - Free Report) ending at $67.37, denoting a +1.19% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow saw a downswing of 0.31%, while the tech-heavy Nasdaq appreciated by 0.02%.
The real estate investment trust's shares have seen an increase of 1.82% over the last month, surpassing the Finance sector's gain of 0.69% and falling behind the S&P 500's gain of 3.52%.
The upcoming earnings release of W.P. Carey will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.21, reflecting a 6.2% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $428.15 million, indicating a 6.34% upward movement from the same quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for W.P. Carey. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection has moved 2.7% higher. Right now, W.P. Carey possesses a Zacks Rank of #3 (Hold).
Investors should also note W.P. Carey's current valuation metrics, including its Forward P/E ratio of 14.05. This represents a premium compared to its industry's average Forward P/E of 11.33.
Also, we should mention that WPC has a PEG ratio of 8.12. 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 industry had an average PEG ratio of 2.53 as trading concluded yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 38% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.