In the latest trading session, VICI Properties Inc. (VICI) closed at $28.09, marking a -1.13% move from the previous day. The stock trailed the S&P 500, which registered a daily gain of 1.75%. At the same time, the Dow added 1.86%, and the tech-heavy Nasdaq gained 2.54%.
Shares of the company have appreciated by 0.71% over the course of the past month, outperforming the Finance sector's gain of 0.12%, and the S&P 500's loss of 1.63%.
Analysts and investors alike will be keeping a close eye on the performance of VICI Properties Inc. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.62, reflecting a 3.33% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.04 billion, showing a 3.62% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.46 per share and revenue of $4.18 billion, which would represent changes of +3.36% and +4.29%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for VICI Properties Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. VICI Properties Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, VICI Properties Inc. is presently trading at a Forward P/E ratio of 11.55. This represents a discount compared to its industry average Forward P/E of 13.35.
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 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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VICI Properties Inc. (VICI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).