VICI Properties Inc. (VICI) ended the recent trading session at $31.88, demonstrating a -0.06% swing from the preceding day's closing price. This change was narrower than the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.37%, and the technology-centric Nasdaq decreased by 0.53%.
Shares of the company have depreciated by 1.48% over the course of the past month, underperforming the Finance sector's loss of 0.51% and outperforming the S&P 500's loss of 4.03%.
The investment community will be paying close attention to the earnings performance of VICI Properties Inc. in its upcoming release. The company's upcoming EPS is projected at $0.58, signifying a 3.57% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $985.12 million, up 3.54% from the year-ago period.
VICI's full-year Zacks Consensus Estimates are calling for earnings of $2.33 per share and revenue of $3.99 billion. These results would represent year-over-year changes of +3.1% and +3.53%, respectively.
Investors might also notice recent changes to analyst estimates for VICI Properties Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.05% increase. VICI Properties Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, VICI Properties Inc. is presently trading at a Forward P/E ratio of 13.71. This indicates a premium in contrast to its industry's Forward P/E of 11.02.
We can also see that VICI currently has a PEG ratio of 4.07. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.12 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. With its current Zacks Industry Rank of 129, this industry ranks in the bottom 49% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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VICI Properties Inc. (VICI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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