In the latest trading session, Omega Healthcare Investors (OHI - Free Report) closed at $36.45, marking a +0.64% move from the previous day. This change outpaced the S&P 500's 0.3% gain on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.44%.
Prior to today's trading, shares of the health care real estate investment trust had lost 7.74% over the past month. This has lagged the Finance sector's gain of 1.44% and the S&P 500's gain of 2.91% in that time.
Investors will be hoping for strength from OHI as it approaches its next earnings release. In that report, analysts expect OHI to post earnings of $0.75 per share. This would mark a year-over-year decline of 3.85%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $215.76 million, down 2.02% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.10 per share and revenue of $902.18 million. These totals would mark changes of +1.97% and +2.32%, respectively, from last year.
Any recent changes to analyst estimates for OHI should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.24% lower. OHI is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, OHI currently has a Forward P/E ratio of 11.68. This represents a discount compared to its industry's average Forward P/E of 15.06.
It is also worth noting that OHI currently has a PEG ratio of 5.84. 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. OHI's industry had an average PEG ratio of 2.69 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.