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Prologis (PLD) Declines More Than Market: Some Information for Investors
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Prologis (PLD - Free Report) closed at $108.39 in the latest trading session, marking a -1.62% move from the prior day. This change lagged the S&P 500's daily loss of 0.4%. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 0.34%.
Heading into today, shares of the industrial real estate developer had gained 0.16% over the past month, lagging the Finance sector's gain of 1.92% and the S&P 500's gain of 1.67%.
Market participants will be closely following the financial results of Prologis in its upcoming release. On that day, Prologis is projected to report earnings of $1.43 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $2.09 billion, up 9.97% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.75 per share and revenue of $8.32 billion, which would represent changes of +3.42% and +10.76%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Prologis. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Prologis is currently a Zacks Rank #3 (Hold).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 19.15. This valuation marks a premium compared to its industry average Forward P/E of 11.6.
We can also see that PLD currently has a PEG ratio of 2.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the REIT and Equity Trust - Other industry was having an average PEG ratio of 2.39.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Prologis (PLD) Declines More Than Market: Some Information for Investors
Prologis (PLD - Free Report) closed at $108.39 in the latest trading session, marking a -1.62% move from the prior day. This change lagged the S&P 500's daily loss of 0.4%. At the same time, the Dow lost 0.34%, and the tech-heavy Nasdaq lost 0.34%.
Heading into today, shares of the industrial real estate developer had gained 0.16% over the past month, lagging the Finance sector's gain of 1.92% and the S&P 500's gain of 1.67%.
Market participants will be closely following the financial results of Prologis in its upcoming release. On that day, Prologis is projected to report earnings of $1.43 per share, which would represent no growth from the year-ago period. Our most recent consensus estimate is calling for quarterly revenue of $2.09 billion, up 9.97% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.75 per share and revenue of $8.32 billion, which would represent changes of +3.42% and +10.76%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Prologis. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.21% higher. Prologis is currently a Zacks Rank #3 (Hold).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 19.15. This valuation marks a premium compared to its industry average Forward P/E of 11.6.
We can also see that PLD currently has a PEG ratio of 2.77. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the REIT and Equity Trust - Other industry was having an average PEG ratio of 2.39.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 98, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.