In the latest close session, Prologis (PLD) was up +1.39% at $143.79. This move outpaced the S&P 500's daily gain of 0.41%. On the other hand, the Dow registered a gain of 1.73%, and the technology-centric Nasdaq decreased by 0.09%.
Heading into today, shares of the industrial real estate developer had lost 0.76% over the past month, lagging the Finance sector's gain of 0.2% and the S&P 500's gain of 4.59%.
Analysts and investors alike will be keeping a close eye on the performance of Prologis in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $1.54, marking a 5.48% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.13 billion, indicating a 5.17% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.18 per share and a revenue of $8.56 billion, signifying shifts of +6.37% and +4.92%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Prologis. Recent revisions tend to reflect the latest 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. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.16% higher. At present, Prologis boasts a Zacks Rank of #2 (Buy).
In terms of valuation, Prologis is presently being traded at a Forward P/E ratio of 22.96. This expresses a premium compared to the average Forward P/E of 12.52 of its industry.
One should further note that PLD currently holds a PEG ratio of 3.12. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the REIT and Equity Trust - Other industry had an average PEG ratio of 2.51.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 89, finds itself in the top 37% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.
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Prologis, Inc. (PLD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).