In the latest close session, Medical Properties (MPW) was up +1.56% at $5.22. The stock's change was more than the S&P 500's daily gain of 1.07%. Elsewhere, the Dow gained 1.12%, while the tech-heavy Nasdaq added 1.37%.
The health care real estate investment trust's shares have seen an increase of 2.59% over the last month, surpassing the Finance sector's loss of 2.19% and the S&P 500's gain of 1.08%.
Analysts and investors alike will be keeping a close eye on the performance of Medical Properties in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.16, reflecting no change from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $237.84 million, up 5.32% from the prior-year quarter.
MPW's full-year Zacks Consensus Estimates are calling for earnings of $0.63 per share and revenue of $945.01 million. These results would represent year-over-year changes of -21.25% and -5.08%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for Medical Properties. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.58% increase. Medical Properties currently has a Zacks Rank of #2 (Buy).
With respect to valuation, Medical Properties is currently being traded at a Forward P/E ratio of 8.19. This signifies a discount in comparison to the average Forward P/E of 11.3 for its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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