Medical Properties (MPW) closed at $4.03 in the latest trading session, marking a -1.23% move from the prior day. This change lagged the S&P 500's 0.14% gain on the day. Meanwhile, the Dow experienced a drop of 0.04%, and the technology-dominated Nasdaq saw an increase of 0.38%.
The health care real estate investment trust's stock has dropped by 8.11% in the past month, falling short of the Finance sector's gain of 4.07% and the S&P 500's gain of 5.35%.
Market participants will be closely following the financial results of Medical Properties in its upcoming release. The company is predicted to post an EPS of $0.13, indicating a 43.48% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $228.55 million, reflecting a 14.26% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.55 per share and a revenue of $919.34 million, demonstrating changes of -31.25% and -7.65%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Medical Properties. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.35% lower. Medical Properties currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Medical Properties is currently being traded at a Forward P/E ratio of 7.37. This signifies a discount in comparison to the average Forward P/E of 11.19 for its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Medical Properties Trust, Inc. (MPW): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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