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Gladstone Commercial (GOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
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Gladstone Commercial (GOOD - Free Report) closed at $12.43 in the latest trading session, marking a -1.89% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 0.5%.
Shares of the real estate investment trust witnessed a loss of 4.52% over the previous month, trailing the performance of the Finance sector with its gain of 1.4%, and the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Gladstone Commercial in its upcoming release. The company is predicted to post an EPS of $0.4, indicating a 5.26% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $38.8 million, down 1.12% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.49 per share and a revenue of $154.4 million, signifying shifts of +4.93% and +3.36%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Gladstone Commercial. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Gladstone Commercial is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Gladstone Commercial is currently exchanging hands at a Forward P/E ratio of 8.48. For comparison, its industry has an average Forward P/E of 11.34, which means Gladstone Commercial is trading at a discount to the group.
Meanwhile, GOOD's PEG ratio is currently 1.41. 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 was holding an average PEG ratio of 2.56 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 146, positioning it in the bottom 41% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Gladstone Commercial (GOOD) Registers a Bigger Fall Than the Market: Important Facts to Note
Gladstone Commercial (GOOD - Free Report) closed at $12.43 in the latest trading session, marking a -1.89% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.5% for the day. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq lost 0.5%.
Shares of the real estate investment trust witnessed a loss of 4.52% over the previous month, trailing the performance of the Finance sector with its gain of 1.4%, and the S&P 500's gain of 2.74%.
Market participants will be closely following the financial results of Gladstone Commercial in its upcoming release. The company is predicted to post an EPS of $0.4, indicating a 5.26% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $38.8 million, down 1.12% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.49 per share and a revenue of $154.4 million, signifying shifts of +4.93% and +3.36%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Gladstone Commercial. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Gladstone Commercial is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Gladstone Commercial is currently exchanging hands at a Forward P/E ratio of 8.48. For comparison, its industry has an average Forward P/E of 11.34, which means Gladstone Commercial is trading at a discount to the group.
Meanwhile, GOOD's PEG ratio is currently 1.41. 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 was holding an average PEG ratio of 2.56 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 146, positioning it in the bottom 41% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.