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VICI Properties Inc. (VICI) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, VICI Properties Inc. (VICI - Free Report) was down 1.71% at $24.11. The stock's change was less than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
The company's shares have seen a decrease of 6.98% over the last month, not keeping up with the Finance sector's loss of 3.64% and the S&P 500's loss of 2.85%.
The upcoming earnings release of VICI Properties Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.61, signifying a 1.67% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.06 billion, indicating a 5.49% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.47 per share and revenue of $4.22 billion, indicating changes of +3.78% and +5.26%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VICI Properties Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.23% higher. Right now, VICI Properties Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, VICI Properties Inc. is presently being traded at a Forward P/E ratio of 9.9. For comparison, its industry has an average Forward P/E of 12.42, which means VICI Properties Inc. is trading at a discount to the group.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
View the Zacks #1 Rank List
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VICI Properties Inc. (VICI) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, VICI Properties Inc. (VICI - Free Report) was down 1.71% at $24.11. The stock's change was less than the S&P 500's daily gain of 1.14%. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
The company's shares have seen a decrease of 6.98% over the last month, not keeping up with the Finance sector's loss of 3.64% and the S&P 500's loss of 2.85%.
The upcoming earnings release of VICI Properties Inc. will be of great interest to investors. The company's upcoming EPS is projected at $0.61, signifying a 1.67% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.06 billion, indicating a 5.49% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $2.47 per share and revenue of $4.22 billion, indicating changes of +3.78% and +5.26%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for VICI Properties Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.23% higher. Right now, VICI Properties Inc. possesses a Zacks Rank of #3 (Hold).
In terms of valuation, VICI Properties Inc. is presently being traded at a Forward P/E ratio of 9.9. For comparison, its industry has an average Forward P/E of 12.42, which means VICI Properties Inc. is trading at a discount to the group.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.