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Prologis (PLD) Stock Moves -1.28%: What You Should Know
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In the latest trading session, Prologis (PLD - Free Report) closed at $148.91, marking a -1.28% move from the previous day. This change was narrower than the S&P 500's 2.95% loss on the day. Elsewhere, the Dow lost 2.37%, while the tech-heavy Nasdaq lost 0.33%.
Prior to today's trading, shares of the industrial real estate developer had lost 1.73% over the past month. This has was narrower than the Finance sector's loss of 5.26% and the S&P 500's loss of 3.75% in that time.
Wall Street will be looking for positivity from Prologis as it approaches its next earnings report date. In that report, analysts expect Prologis to post earnings of $1.08 per share. This would mark year-over-year growth of 11.34%. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 6.53% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $4.51 billion, which would represent changes of +20.96% and +8.71%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Prologis. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Prologis is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 30.07. This represents a premium compared to its industry's average Forward P/E of 14.67.
We can also see that PLD currently has a PEG ratio of 3.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.67 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 (PLD) Stock Moves -1.28%: What You Should Know
In the latest trading session, Prologis (PLD - Free Report) closed at $148.91, marking a -1.28% move from the previous day. This change was narrower than the S&P 500's 2.95% loss on the day. Elsewhere, the Dow lost 2.37%, while the tech-heavy Nasdaq lost 0.33%.
Prior to today's trading, shares of the industrial real estate developer had lost 1.73% over the past month. This has was narrower than the Finance sector's loss of 5.26% and the S&P 500's loss of 3.75% in that time.
Wall Street will be looking for positivity from Prologis as it approaches its next earnings report date. In that report, analysts expect Prologis to post earnings of $1.08 per share. This would mark year-over-year growth of 11.34%. Meanwhile, our latest consensus estimate is calling for revenue of $1.09 billion, up 6.53% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.02 per share and revenue of $4.51 billion, which would represent changes of +20.96% and +8.71%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Prologis. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Prologis is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 30.07. This represents a premium compared to its industry's average Forward P/E of 14.67.
We can also see that PLD currently has a PEG ratio of 3.66. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.67 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 155, which puts it in the bottom 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.