Realty Income Corp. (O) closed the most recent trading day at $61.53, moving +1.57% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 1.44%. Meanwhile, the Dow lost 0.09%, and the Nasdaq, a tech-heavy index, lost 2.22%.
The real estate investment trust's stock has dropped by 2.32% in the past month, falling short of the Finance sector's gain of 3.16% and the S&P 500's gain of 0.08%.
The upcoming earnings release of Realty Income Corp. will be of great interest to investors. The company's upcoming EPS is projected at $1.09, signifying a 3.81% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $1.54 billion, showing a 8.99% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.44 per share and a revenue of $6.27 billion, representing changes of +3.74% and +8.97%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Realty Income Corp. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Realty Income Corp. boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Realty Income Corp. is presently trading at a Forward P/E ratio of 13.65. This denotes a discount relative to the industry average Forward P/E of 15.
One should further note that O currently holds a PEG ratio of 4.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Retail industry had an average PEG ratio of 2.51 as trading concluded yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 37% 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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This article originally published on Zacks Investment Research (zacks.com).