Prologis (PLD) closed at $156.57 in the latest trading session, marking a -0.69% move from the prior day. This change lagged the S&P 500’s 0.1% loss on the day. At the same time, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.
Heading into today, shares of the industrial real estate developer had lost 1.12% over the past month, lagging the Finance sector’s gain of 5.04% and the S&P 500’s gain of 3.67% in that time.
Prologis will be looking to display strength as it nears its next earnings release, which is expected to be January 19, 2022. On that day, Prologis is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 14.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.06 billion, up 7.38% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Prologis. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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 moved 0.48% higher. Prologis is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Prologis has a Forward P/E ratio of 34.12 right now. Its industry sports an average Forward P/E of 15.51, so we one might conclude that Prologis is trading at a premium comparatively.
Meanwhile, PLD’s PEG ratio is currently 4.23. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. REIT and Equity Trust – Other stocks are, on average, holding a PEG ratio of 2.64 based on yesterday’s closing prices.
The REIT and Equity Trust – Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Prologis, Inc. (PLD): Free Stock Analysis Report
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