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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) ended the recent trading session at $27.23, demonstrating a -2.78% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.22% for the day. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.35%.
Prior to today's trading, shares of the company had lost 1.27% lagged the Finance sector's gain of 5.2% and the S&P 500's gain of 1.56%.
The upcoming earnings release of VICI Properties Inc. will be of great interest to investors. On that day, VICI Properties Inc. is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 3.33%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 3.62% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.46 per share and a revenue of $4.18 billion, representing changes of +3.36% and +4.29%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for VICI Properties Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, VICI Properties Inc. boasts a Zacks Rank of #3 (Hold).
In the context of valuation, VICI Properties Inc. is at present trading with a Forward P/E ratio of 11.39. This expresses a discount compared to the average Forward P/E of 12.98 of its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 32% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Why VICI Properties Inc. (VICI) Dipped More Than Broader Market Today
VICI Properties Inc. (VICI - Free Report) ended the recent trading session at $27.23, demonstrating a -2.78% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 1.22% for the day. Elsewhere, the Dow lost 0.98%, while the tech-heavy Nasdaq lost 1.35%.
Prior to today's trading, shares of the company had lost 1.27% lagged the Finance sector's gain of 5.2% and the S&P 500's gain of 1.56%.
The upcoming earnings release of VICI Properties Inc. will be of great interest to investors. On that day, VICI Properties Inc. is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 3.33%. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 3.62% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.46 per share and a revenue of $4.18 billion, representing changes of +3.36% and +4.29%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for VICI Properties Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, VICI Properties Inc. boasts a Zacks Rank of #3 (Hold).
In the context of valuation, VICI Properties Inc. is at present trading with a Forward P/E ratio of 11.39. This expresses a discount compared to the average Forward P/E of 12.98 of its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 76, finds itself in the top 32% echelons 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.