Prologis (PLD) closed at $112 in the latest trading session, marking a +0.41% move from the previous day. This change topped the S&P 500’s 0.06% gain on the day. Elsewhere, the Dow gained 0.33%, while the tech-heavy Nasdaq lost 0.11%.
The industrial real estate developer’s stock has climbed 11.95% in the past month, outpacing the Financials sector’s gain of 9.23% and the S&P 500’s gain of 8.22%.
Prologis’ upcoming earnings release will be of great interest to investors. In that report, analysts expect Prologis to post earnings of $1.26 per share. This would mark a year-over-year increase of 1.61%. In addition, our most recent consensus estimate forecasts revenue of $1.79 billion, indicating a 12.2% upward movement from the same quarter last year.
PLD’s full-year Zacks Consensus Estimates call for earnings of $5.60 per share and revenue of $6.85 billion. These results would represent year-over-year changes of +8.53% and +39.38%, respectively.
Investors should also pay attention to some recent changes in analyst ratings for Prologis. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, positive revisions in ratings convey analysts’ confidence in the company’s business performance and profit potential.
Research indicates that these rating revisions are directly correlated with near-term stock price momentum. Investors can take advantage of this by using the Zacks Rank. This model takes these rating changes into account and provides a simple, reasonable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, out-of-control 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 witnessed a 0.04% increase. Prologis currently sports a Zacks Rank of number 3 (Hold).
In terms of valuation, Prologis is currently trading with a Forward P/E ratio of 19.92. For comparison, its industry average Forward P/E of 10.62 means Prologis trades at a premium to the group.
It is also important to note that PLD is currently trading at a PEG ratio of 2.34. The PEG ratio is similar to the commonly used P/E ratio, but this measure also includes the company’s projected earnings growth. As of the close of trading yesterday, the REIT and Equity Trust – Other industry held an average PEG ratio of 2.13.
The REIT and Equity Trust – Another industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 166, which places it in the bottom 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our particular industry groups by calculating the average Zacks Rank of the individual stocks contained within 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 use Zacks.com to stay up-to-date with all of these stock-changing metrics, among others, in the upcoming trading sessions.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from Zacks Rank #1’s current list of 220 Strong Buys. They deem these typewriters “Most Likely for Early Price Pops”.
Since 1988, the full list has beaten the market more than 2X with an average gain of +24.0% per year. So be sure to give these handpicked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Prologis, Inc. (PLD): Free Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.