In the latest trading session, Gladstone Commercial (GOOD) closed at $11.14, marking a +1.18% move from the previous day. This change outpaced the S&P 500's 0.01% gain on the day. On the other hand, the Dow registered a gain of 0.55%, and the technology-centric Nasdaq decreased by 0.44%.
The real estate investment trust's stock has climbed by 2.32% in the past month, exceeding the Finance sector's gain of 1.95% and the S&P 500's gain of 0.86%.
The investment community will be paying close attention to the earnings performance of Gladstone Commercial in its upcoming release. The company is expected to report EPS of $0.35, unchanged from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $39 million, up 4.33% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.38 per share and revenue of $156.8 million. These totals would mark changes of -2.82% and 0%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Gladstone Commercial. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 remained steady. Gladstone Commercial presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Gladstone Commercial is holding a Forward P/E ratio of 7.68. 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. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 45% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Gladstone Commercial Corporation (GOOD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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