Prologis(US:PLD) ZACKSยท2024-10-08 23:20Company Performance - Prologis (PLD) ended the latest trading session at $119.34, reflecting a -0.55% adjustment from the previous day's close, underperforming the S&P 500 which gained 0.97% [1] - Over the past month, Prologis shares have decreased by 7.87%, lagging behind the Finance sector's loss of 4.16% and the S&P 500's gain of 5.41% [1] - The upcoming earnings report is scheduled for October 16, 2024, with projected earnings per share (EPS) of $1.38, indicating a 6.15% increase year-over-year, and revenue expectations of $1.9 billion, up 7.03% from the previous year [1] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of $5.42 per share and revenue of $7.52 billion, representing changes of -3.39% and +10.34% respectively from the last year [2] - Recent shifts in analyst projections for Prologis are important for investors, as upward revisions indicate analysts' positive outlook on the company's operations and profit generation [2] Valuation Metrics - Prologis currently has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [3] - The company is trading at a Forward P/E ratio of 22.14, which is a premium compared to the industry average Forward P/E of 12.38 [3] - Prologis has a PEG ratio of 3.08, higher than the average PEG ratio of 2.37 for the REIT and Equity Trust - Other industry [3] Industry Overview - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 85, placing it in the top 34% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]