Let's Do the Numbers:
Wall Street expects a positive EPS reading of 32 cents per share and revenues of $221.1 million. We'll know on Monday whether ProLogis has managed the estimated 103% increase in EPS and 96% rise in revenues on a year-over-year basis.Here's how the company's reported EPS has stacked up against analyst estimates in the past:
Quarter | Q1 | Q4 | Q3 | Q2 |
EPS Estimate | 32 cents | 32 cents | 30 cents | 30 cents |
EPS Actual | 33 cents | 33 cents | 32 cents | 30 cents |
Stock Performance:
At last check, shares of ProLogis were trading at $35.67. Shares are up 14.3% year to date. For a full 12 months, the return has risen by 36.8%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.- Long-term shareholders are already enjoying 12-month gains prior to the announcement
Average Stock Rating:
The average rating by analysts for ProLogis is a Hold. The strength of this rating has declined slightly over the past three months.Competitors:
Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of ProLogis' peers.- Dupont Fabros Tech DFT: Moderate Buy with a $0.38 recent quarter EPS
- Digital Realty Trust DLR: Moderate Buy with a $1.02 recent quarter EPS
- EastGroup Properties EGP: Hold with a $0.71 recent quarter EPS
- Monmouth R.E. MNR: Strong Buy with a $0.16 recent quarter EPS
ProLogis is in the REIT-equity trust industry, which has experienced price/earnings growth of 2.6%.
Finally, a description of the main business areas of the company, in case you need a little refresher: ProLogis is a publicly held real estate investment trust that owns and operates primarily industrial properties in North America, Europe and Asia.
Take Action:
That's your advanced look at ProLogis' upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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