Modiv Industrial, Inc. (MDV) Upgraded to Buy: Here's Why

Core Viewpoint - Modiv Industrial, Inc. (MDV) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Modiv Industrial suggest an improvement in the company's underlying business, likely leading to increased stock prices [5][8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - Modiv Industrial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10][11]. Recent Earnings Estimate Revisions - For the fiscal year ending December 2024, Modiv Industrial is expected to earn $1.32 per share, reflecting a -0.8% change from the previous year, but the Zacks Consensus Estimate has increased by 4.3% over the past three months [8].