In the latest close session, Medical Properties (MPW) was down 3.88% at $4.21. The stock fell short of the S&P 500, which registered a loss of 0.79% for the day. Meanwhile, the Dow experienced a drop of 0.94%, and the technology-dominated Nasdaq saw a decrease of 0.92%.
Shares of the health care real estate investment trust witnessed a loss of 3.52% over the previous month, trailing the performance of the Finance sector with its gain of 4.61%, and the S&P 500's gain of 5.22%.
The investment community will be paying close attention to the earnings performance of Medical Properties in its upcoming release. In that report, analysts expect Medical Properties to post earnings of $0.13 per share. This would mark a year-over-year decline of 43.48%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $228.55 million, down 14.26% from the year-ago period.
MPW's full-year Zacks Consensus Estimates are calling for earnings of $0.55 per share and revenue of $919.34 million. These results would represent year-over-year changes of -31.25% and -7.65%, respectively.
It is also important to note the recent changes to analyst estimates for Medical Properties. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.35% lower. As of now, Medical Properties holds a Zacks Rank of #3 (Hold).
With respect to valuation, Medical Properties is currently being traded at a Forward P/E ratio of 7.92. This expresses a discount compared to the average Forward P/E of 11.6 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 88, finds itself in the top 36% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in 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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