PLYMOUTH IND RE (PLYM - Free Report) closed at $16.75 in the latest trading session, marking a -0.77% move from the prior day. This move lagged the S&P 500's daily gain of 0.46%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.59%.
Coming into today, shares of the company had gained 8.9% in the past month. In that same time, the Finance sector gained 0.89%, while the S&P 500 gained 3.24%.
Investors will be hoping for strength from PLYM as it approaches its next earnings release. On that day, PLYM is projected to report earnings of $0.59 per share, which would represent year-over-year growth of 118.52%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.66 million, up 40.19% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.59 per share and revenue of $69.05 million. These totals would mark changes of +102.34% and +40.29%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for PLYM. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. The Zacks Consensus EPS estimate has moved 59.57% higher within the past month. PLYM is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, PLYM is holding a Forward P/E ratio of 6.53. This valuation marks a discount compared to its industry's average Forward P/E of 15.36.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 162, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.