Realty Income Corp. (O) closed the most recent trading day at $61.42, moving +1.15% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.06%.
The real estate investment trust's stock has climbed by 6.96% in the past month, exceeding the Finance sector's gain of 0.94% and the S&P 500's gain of 1.99%.
The upcoming earnings release of Realty Income Corp. will be of great interest to investors. It is anticipated that the company will report an EPS of $1.08, marking a 2.86% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $1.46 billion, indicating a 9.14% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.26 per share and revenue of $5.72 billion. These totals would mark changes of +1.67% and 0%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Realty Income Corp. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.1% lower. Realty Income Corp. is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Realty Income Corp. is currently being traded at a Forward P/E ratio of 13.73. This represents no noticeable deviation compared to its industry average Forward P/E of 13.73.
We can additionally observe that O currently boasts a PEG ratio of 3.9. 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 - Retail industry had an average PEG ratio of 2.61 as trading concluded yesterday.
The REIT and Equity Trust - Retail industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 106, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Realty Income Corporation (O): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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