Medical Properties (MPW) ended the recent trading session at $4.50, demonstrating a +1.35% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.11%. On the other hand, the Dow registered a gain of 1.19%, and the technology-centric Nasdaq increased by 1.43%.
Shares of the health care real estate investment trust witnessed a loss of 3.06% over the previous month, trailing the performance of the Finance sector with its gain of 1.91%, and the S&P 500's gain of 3.92%.
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 $0.13, signifying a 43.48% drop compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $231.15 million, down 13.29% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.57 per share and revenue of $930.43 million, indicating changes of -28.75% and -6.54%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Medical Properties should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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.
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 past month, the Zacks Consensus EPS estimate remained stagnant. Medical Properties is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Medical Properties is currently exchanging hands at a Forward P/E ratio of 7.84. Its industry sports an average Forward P/E of 11.72, so one might conclude that Medical Properties is trading at a discount comparatively.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 142, finds itself in the bottom 43% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming 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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