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Simon Property (SPG) Stock Moves -1.2%: What You Should Know
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In the latest market close, Simon Property (SPG - Free Report) reached $147.95, with a -1.2% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 1.23% for the day. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%.
Heading into today, shares of the shopping mall real estate investment trust had lost 1.69% over the past month, lagging the Finance sector's gain of 2.76% and the S&P 500's gain of 1.61% in that time.
The upcoming earnings release of Simon Property will be of great interest to investors. It is anticipated that the company will report an EPS of $2.80, marking a 2.19% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.41 billion, up 4.22% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.06 per share and a revenue of $5.79 billion, representing changes of -3.6% and +2.4%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Simon Property. 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. Simon Property is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Simon Property is holding a Forward P/E ratio of 12.41. This represents a discount compared to its industry's average Forward P/E of 12.96.
Investors should also note that SPG has a PEG ratio of 7.86 right now. 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 average PEG ratio for the REIT and Equity Trust - Retail industry stood at 3.32 at the close of the market yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Simon Property (SPG) Stock Moves -1.2%: What You Should Know
In the latest market close, Simon Property (SPG - Free Report) reached $147.95, with a -1.2% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 1.23% for the day. Elsewhere, the Dow saw a downswing of 1.36%, while the tech-heavy Nasdaq depreciated by 1.4%.
Heading into today, shares of the shopping mall real estate investment trust had lost 1.69% over the past month, lagging the Finance sector's gain of 2.76% and the S&P 500's gain of 1.61% in that time.
The upcoming earnings release of Simon Property will be of great interest to investors. It is anticipated that the company will report an EPS of $2.80, marking a 2.19% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.41 billion, up 4.22% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $12.06 per share and a revenue of $5.79 billion, representing changes of -3.6% and +2.4%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Simon Property. 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. Simon Property is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Simon Property is holding a Forward P/E ratio of 12.41. This represents a discount compared to its industry's average Forward P/E of 12.96.
Investors should also note that SPG has a PEG ratio of 7.86 right now. 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 average PEG ratio for the REIT and Equity Trust - Retail industry stood at 3.32 at the close of the market yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 144, positioning it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.