Prologis (PLD) Flat As Market Sinks: What You Should Know

In the latest market close, Prologis (PLD) reached $108.87, with no movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 0.39%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.32%.

Coming into today, shares of the industrial real estate developer had lost 5.04% in the past month. In that same time, the Finance sector gained 0.19%, while the S&P 500 gained 3.6%.

Investors will be eagerly watching for the performance of Prologis in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.38, showcasing a 9.52% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.94 billion, indicating a 10.44% increase compared to the same quarter of the previous year.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.45 per share and a revenue of $7.52 billion, signifying shifts of -2.85% and +10.3%, respectively, from the last year.

Investors should also take note of any recent adjustments to analyst estimates for Prologis. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Prologis possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Prologis is currently trading at a Forward P/E ratio of 19.98. This signifies a premium in comparison to the average Forward P/E of 12.16 for its industry.

One should further note that PLD currently holds a PEG ratio of 3.18. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the REIT and Equity Trust - Other industry held an average PEG ratio of 2.12.

The REIT and Equity Trust - Other industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.