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Why VICI Properties Inc. (VICI) Dipped More Than Broader Market Today
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VICI Properties Inc. (VICI - Free Report) closed at $28.42 in the latest trading session, marking a -3.04% move from the prior day. This move lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
The stock of company has risen by 0.21% in the past month, leading the Finance sector's loss of 5.6% and the S&P 500's loss of 2.16%.
Market participants will be closely following the financial results of VICI Properties Inc. in its upcoming release. The company is forecasted to report an EPS of $0.61, showcasing a 5.17% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.02 billion, indicating a 3.91% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.45 per share and a revenue of $4.16 billion, demonstrating changes of +2.94% and +3.94%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VICI Properties Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 0.09% higher. VICI Properties Inc. currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, VICI Properties Inc. is currently exchanging hands at a Forward P/E ratio of 11.99. This denotes a premium relative to the industry average Forward P/E of 11.97.
It is also worth noting that VICI currently has a PEG ratio of 3.37. 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 group has a Zacks Industry Rank of 159, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VICI in the coming trading sessions, be sure to utilize Zacks.com.
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Why VICI Properties Inc. (VICI) Dipped More Than Broader Market Today
VICI Properties Inc. (VICI - Free Report) closed at $28.42 in the latest trading session, marking a -3.04% move from the prior day. This move lagged the S&P 500's daily loss of 0.08%. Elsewhere, the Dow saw a downswing of 0.61%, while the tech-heavy Nasdaq appreciated by 0.08%.
The stock of company has risen by 0.21% in the past month, leading the Finance sector's loss of 5.6% and the S&P 500's loss of 2.16%.
Market participants will be closely following the financial results of VICI Properties Inc. in its upcoming release. The company is forecasted to report an EPS of $0.61, showcasing a 5.17% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.02 billion, indicating a 3.91% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $2.45 per share and a revenue of $4.16 billion, demonstrating changes of +2.94% and +3.94%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VICI Properties Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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 0.09% higher. VICI Properties Inc. currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, VICI Properties Inc. is currently exchanging hands at a Forward P/E ratio of 11.99. This denotes a premium relative to the industry average Forward P/E of 11.97.
It is also worth noting that VICI currently has a PEG ratio of 3.37. 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 group has a Zacks Industry Rank of 159, putting it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow VICI in the coming trading sessions, be sure to utilize Zacks.com.