Prologis (PLD) Ascends While Market Falls: Some Facts to Note

Core Viewpoint - Prologis is set to report earnings that indicate growth, with analysts optimistic about the company's performance despite recent stock price fluctuations [2][3][4]. Group 1: Stock Performance - Prologis closed at $120.97, showing a slight increase of +0.06% while outperforming the S&P 500, which fell by 1.71% [1] - Over the past month, Prologis shares have appreciated by 1.99%, underperforming the Finance sector's gain of 2.23% and the S&P 500's gain of 2.2% [1]. Group 2: Earnings Estimates - Prologis is projected to report earnings of$ 1.38 per share, reflecting a year-over-year growth of 7.81% [2]. - The consensus estimate for revenue is $1.95 billion, indicating a 6.9% growth compared to the same quarter last year [2]. - For the full year, analysts expect earnings of$ 5.73 per share and revenue of $8.01 billion, marking changes of +3.06% and +6.56% respectively from the previous year [3]. Group 3: Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Prologis are crucial as they reflect short-term business trends, with positive revisions indicating optimism about the company's profitability [4]. - The Zacks Rank system, which includes estimate changes, currently ranks Prologis at 3 (Hold) [6]. Group 4: Valuation Metrics - Prologis has a Forward P/E ratio of 21.11, which is significantly higher than the industry average of 11.49, indicating it is trading at a premium [7]. - The company has a PEG ratio of 2.7, compared to the industry average PEG ratio of 2.13 [8]. Group 5: Industry Context - The REIT and Equity Trust - Other industry, which includes Prologis, has a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [9].