Unlocking Q3 Potential of Prologis (PLD): Exploring Wall Street Estimates for Key Metrics

Core Insights - Prologis (PLD) is expected to report quarterly earnings of $1.44 per share, a 0.7% increase year-over-year, with revenues projected at $2.09 billion, reflecting a 10% year-over-year growth [1] Earnings Projections - The consensus EPS estimate has been revised down by 0.1% over the last 30 days, indicating a reevaluation of initial estimates by analysts [2] - Changes in earnings projections are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate trends and short-term stock price movements [3] Revenue Estimates - Analysts estimate 'Revenues- Strategic capital' at $142.90 million, a 5.6% increase from the prior-year quarter [5] - 'Revenues- Development management and other' is expected to reach $7.79 million, indicating a significant year-over-year increase of 102% [5] - 'Revenues- Rental' is projected to be $2.02 billion, reflecting a 6.3% increase from the previous year [6] Key Metrics - The average occupancy rate is forecasted at 94.7%, down from 95.9% in the same quarter last year [6] - Depreciation and amortization is expected to total $657.99 million [6] Market Performance - Prologis shares have seen a decline of 0.3% over the past month, contrasting with a 3.5% increase in the Zacks S&P 500 composite [6] - With a Zacks Rank 2 (Buy), Prologis is anticipated to outperform the overall market in the near future [6]