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Prologis (PLD) Dips More Than Broader Markets: What You Should Know
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Prologis (PLD - Free Report) closed at $98.90 in the latest trading session, marking a -1.45% move from the prior day. This move lagged the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the industrial real estate developer had lost 22.58% over the past month, lagging the Finance sector's loss of 7.98% and the S&P 500's loss of 8.4% in that time.
Prologis will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022. In that report, analysts expect Prologis to post earnings of $1.73 per share. This would mark year-over-year growth of 66.35%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.13 billion, up 8.82% from the year-ago period.
PLD's full-year Zacks Consensus Estimates are calling for earnings of $5.15 per share and revenue of $4.46 billion. These results would represent year-over-year changes of +24.1% and +7.58%, respectively.
It is also important to note the recent changes to analyst estimates for Prologis. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% lower. Prologis is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 19.5. This valuation marks a premium compared to its industry's average Forward P/E of 11.31.
We can also see that PLD currently has a PEG ratio of 2.17. 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. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Prologis (PLD) Dips More Than Broader Markets: What You Should Know
Prologis (PLD - Free Report) closed at $98.90 in the latest trading session, marking a -1.45% move from the prior day. This move lagged the S&P 500's daily loss of 0.75%. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the industrial real estate developer had lost 22.58% over the past month, lagging the Finance sector's loss of 7.98% and the S&P 500's loss of 8.4% in that time.
Prologis will be looking to display strength as it nears its next earnings release, which is expected to be October 19, 2022. In that report, analysts expect Prologis to post earnings of $1.73 per share. This would mark year-over-year growth of 66.35%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.13 billion, up 8.82% from the year-ago period.
PLD's full-year Zacks Consensus Estimates are calling for earnings of $5.15 per share and revenue of $4.46 billion. These results would represent year-over-year changes of +24.1% and +7.58%, respectively.
It is also important to note the recent changes to analyst estimates for Prologis. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.48% lower. Prologis is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 19.5. This valuation marks a premium compared to its industry's average Forward P/E of 11.31.
We can also see that PLD currently has a PEG ratio of 2.17. 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. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 1.72 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 91, which puts it in the top 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.