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Gladstone Commercial (GOOD) Stock Drops Despite Market Gains: Important Facts to Note
Gladstone mercial Gladstone mercial (US:GOOD) ZACKSยท2024-07-09 23:20

Company Performance - Gladstone Commercial is expected to report an EPS of $0.33, reflecting a 19.51% decline year-over-year [1] - The projected revenue for the upcoming earnings report is $35.89 million, indicating a 7.17% decrease compared to the same quarter last year [1] - For the entire fiscal year, the consensus estimates project earnings of $1.36 per share and revenue of $144.14 million, representing changes of -7.48% and -2.33% respectively from the prior year [6] Valuation Metrics - The current Forward P/E ratio for Gladstone Commercial is 10.58, which is below the industry average Forward P/E of 11.67 [2] - The company has a PEG ratio of 1.76, compared to the industry average PEG ratio of 2.25 [7] Stock Performance - Gladstone Commercial's stock closed at $14.28, showing a -0.35% change from the previous session, underperforming the S&P 500's daily gain of 0.07% [8] - Over the last month, the stock has increased by 0.28%, outperforming the Finance sector's loss of 5.5% but lagging behind the S&P 500's gain of 4.34% [8] Analyst Estimates and Industry Ranking - Recent modifications to analyst estimates for Gladstone Commercial indicate changing business trends, with positive revisions reflecting analyst optimism [4] - The REIT and Equity Trust - Other industry has a Zacks Industry Rank of 183, placing it in the bottom 28% of over 250 industries [5] - Gladstone Commercial currently holds a Zacks Rank of 5 (Strong Sell), with the consensus EPS estimate remaining unchanged over the last 30 days [11]