Medical Properties (MPW) closed at $5.38 in the latest trading session, marking a +1.51% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.34%. Elsewhere, the Dow lost 0.94%, while the tech-heavy Nasdaq added 0.16%.
The health care real estate investment trust's stock has dropped by 2.75% in the past month, falling short of the Finance sector's gain of 3.09% and the S&P 500's gain of 1.19%.
Analysts and investors alike will be keeping a close eye on the performance of Medical Properties in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.15, signifying a 16.67% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $245.22 million, indicating a 5.77% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.55 per share and a revenue of $946.9 million, indicating changes of -31.25% and 0%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Medical Properties. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 witnessed a 0.23% decrease. At present, Medical Properties boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Medical Properties currently has a Forward P/E ratio of 7.85. This expresses a discount compared to the average Forward P/E of 11.24 of its industry.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 40% echelons of all 250+ industries.
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.
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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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