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Realty Income Corp. (O) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest close session, Realty Income Corp. (O - Free Report) was down 1.21% at $58.56. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the real estate investment trust witnessed a loss of 5.02% over the previous month, trailing the performance of the Finance sector with its loss of 2.1%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Realty Income Corp. in its upcoming release. In that report, analysts expect Realty Income Corp. to post earnings of $1.11 per share. This would mark year-over-year growth of 2.78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.58 billion, up 7.22% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.42 per share and revenue of $6.3 billion, which would represent changes of +3.27% and +9.58%, respectively, from the prior year.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. As of now, Realty Income Corp. holds a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 13.4. This indicates a discount in contrast to its industry's Forward P/E of 14.11.
Meanwhile, O's PEG ratio is currently 4.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.24 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Realty Income Corp. (O) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest close session, Realty Income Corp. (O - Free Report) was down 1.21% at $58.56. The stock trailed the S&P 500, which registered a daily loss of 0.45%. Elsewhere, the Dow saw a downswing of 0.63%, while the tech-heavy Nasdaq depreciated by 0.78%.
Shares of the real estate investment trust witnessed a loss of 5.02% over the previous month, trailing the performance of the Finance sector with its loss of 2.1%, and the S&P 500's loss of 1.99%.
The investment community will be paying close attention to the earnings performance of Realty Income Corp. in its upcoming release. In that report, analysts expect Realty Income Corp. to post earnings of $1.11 per share. This would mark year-over-year growth of 2.78%. Meanwhile, our latest consensus estimate is calling for revenue of $1.58 billion, up 7.22% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.42 per share and revenue of $6.3 billion, which would represent changes of +3.27% and +9.58%, respectively, from the prior year.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. 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. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.2% lower. As of now, Realty Income Corp. holds a Zacks Rank of #3 (Hold).
Digging into valuation, Realty Income Corp. currently has a Forward P/E ratio of 13.4. This indicates a discount in contrast to its industry's Forward P/E of 14.11.
Meanwhile, O's PEG ratio is currently 4.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.24 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.