Prologis (PLD) ended the recent trading session at $141.51, demonstrating a +1.78% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.69% for the day. On the other hand, the Dow registered a gain of 0.47%, and the technology-centric Nasdaq increased by 0.9%.
The industrial real estate developer's stock has climbed by 9.77% in the past month, exceeding the Finance sector's loss of 1.46% and the S&P 500's loss of 1%.
The upcoming earnings release of Prologis will be of great interest to investors. It is anticipated that the company will report an EPS of $1.47, marking a 3.52% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.12 billion, indicating a 6.47% growth compared to the corresponding quarter of the prior year.
PLD's full-year Zacks Consensus Estimates are calling for earnings of $6.11 per share and revenue of $8.69 billion. These results would represent year-over-year changes of +5.16% and +6.45%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Prologis. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. Prologis currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Prologis currently has a Forward P/E ratio of 22.75. This represents a premium compared to its industry average Forward P/E of 11.98.
Investors should also note that PLD has a PEG ratio of 3.44 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PLD's industry had an average PEG ratio of 2.62 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 160, putting it in the bottom 35% of all 250+ industries.
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.
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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Prologis, Inc. (PLD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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