We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Prologis (PLD) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
Prologis (PLD - Free Report) closed the latest trading day at $120.90, indicating a -0.6% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.43% for the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 0.47%.
Heading into today, shares of the industrial real estate developer had gained 5.65% over the past month, outpacing the Finance sector's gain of 3.13% and the S&P 500's gain of 2.6% in that time.
The investment community will be closely monitoring the performance of Prologis in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.38, marking a 7.81% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.95 billion, up 6.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.77 per share and a revenue of $8.01 billion, demonstrating changes of +3.78% and +6.56%, respectively, from the preceding 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 company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 0.98% lower within the past month. Prologis currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Prologis is currently being traded at a Forward P/E ratio of 21.08. This signifies a premium in comparison to the average Forward P/E of 11.45 for its industry.
We can additionally observe that PLD currently boasts a PEG ratio of 2.7. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.13 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 33% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Prologis (PLD) Dips More Than Broader Market: What You Should Know
Prologis (PLD - Free Report) closed the latest trading day at $120.90, indicating a -0.6% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.43% for the day. Elsewhere, the Dow saw a downswing of 1.01%, while the tech-heavy Nasdaq depreciated by 0.47%.
Heading into today, shares of the industrial real estate developer had gained 5.65% over the past month, outpacing the Finance sector's gain of 3.13% and the S&P 500's gain of 2.6% in that time.
The investment community will be closely monitoring the performance of Prologis in its forthcoming earnings report. It is anticipated that the company will report an EPS of $1.38, marking a 7.81% rise compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.95 billion, up 6.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.77 per share and a revenue of $8.01 billion, demonstrating changes of +3.78% and +6.56%, respectively, from the preceding 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 company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 0.98% lower within the past month. Prologis currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Prologis is currently being traded at a Forward P/E ratio of 21.08. This signifies a premium in comparison to the average Forward P/E of 11.45 for its industry.
We can additionally observe that PLD currently boasts a PEG ratio of 2.7. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.13 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 33% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.