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Simon Property (SPG) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Simon Property (SPG - Free Report) closed at $133, marking a +1.09% move from the previous day. This change outpaced the S&P 500's 0.34% gain on the day. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the shopping mall real estate investment trust had lost 5.63% over the past month. This has lagged the Finance sector's gain of 1.56% and the S&P 500's gain of 3.75% in that time.
Investors will be hoping for strength from Simon Property as it approaches its next earnings release. The company is expected to report EPS of $2.87, up 15.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.33 billion, up 7.27% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.73 per share and revenue of $5.48 billion. These totals would mark changes of -1.76% and +7.19%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Simon Property. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.08% lower within the past month. Simon Property currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Simon Property is currently trading at a Forward P/E ratio of 11.21. This valuation marks a discount compared to its industry's average Forward P/E of 16.02.
Also, we should mention that SPG has a PEG ratio of 2.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.23 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Simon Property (SPG) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Simon Property (SPG - Free Report) closed at $133, marking a +1.09% move from the previous day. This change outpaced the S&P 500's 0.34% gain on the day. Elsewhere, the Dow gained 0.4%, while the tech-heavy Nasdaq lost 0.47%.
Prior to today's trading, shares of the shopping mall real estate investment trust had lost 5.63% over the past month. This has lagged the Finance sector's gain of 1.56% and the S&P 500's gain of 3.75% in that time.
Investors will be hoping for strength from Simon Property as it approaches its next earnings release. The company is expected to report EPS of $2.87, up 15.73% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.33 billion, up 7.27% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.73 per share and revenue of $5.48 billion. These totals would mark changes of -1.76% and +7.19%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Simon Property. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.08% lower within the past month. Simon Property currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Simon Property is currently trading at a Forward P/E ratio of 11.21. This valuation marks a discount compared to its industry's average Forward P/E of 16.02.
Also, we should mention that SPG has a PEG ratio of 2.53. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.23 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.