Prologis (PLD) Dips More Than Broader Markets: What You Should Know

This story originally appeared on Zacks

Prologis (PLD) closed at $156.57 in the latest trading session, recording a -0.69% move from the day before. This change delayed the S&P 500’s loss of 0.1% on the day. Meanwhile, the Dow Jones lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.

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Heading into the day, industrial property developer shares have lost 1.12% over the past month, lagging the finance sector’s 5.04% gain and the S&P 500’s 3.67% gain in that time.

Prologis will be looking to show strength as it approaches its next earnings release, which is expected on January 19, 2022. On that day, Prologis is expected to report earnings of $1.09 per share, which represents 14.74% annual growth. Meanwhile, Zacks revenue estimates forecast net sales of $1.06 billion, up 7.38% from the same period last year.

Investors may also notice recent changes in analyst estimates for Prologis. These recent reviews tend to reflect the evolving nature of short-term business trends. As such, positive rating reviews reflect the analyst’s optimism about the company’s business and profitability.

Research indicates that these discretionary revisions are directly related to the stock’s near-term price momentum. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.

The Zacks Rank system ranges from #1 (strong buy) to #5 (strong sell). It has a proven track record of success, subject to external scrutiny, with the No. 1 stock having generated an average annual return of over 25% since 1988. Over the past month, Zacks Consensus EPS estimate is up 0.48%. Prologis is currently Zacks rated #3 (Hold).

Valuation is also important, so investors should note that Prologis has a forward P/E ratio of 34.12 at the moment. Its industry has an average P/E forward of 15.51, so one might conclude that Prologis is trading at a relatively higher price.

Meanwhile, the PLD’s P/E ratio is currently 4.23. This common metric is similar to the widely known price-earnings (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 have, on average, a PEG ratio of 2.64 based on yesterday’s closing prices.

REIT and Equity Trust – Other industries are part of the finance sector. This group has a Zacks Industry Rating of 159, placing it in the bottom 38% of all 250+ industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

You can find more information about all of these metrics and more at Zacks.com.

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