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In the latest market close, Gladstone Commercial (GOOD) reached $13.16, with a -1.57% movement compared to the previous day. This change traded in line with S&P 500. Meanwhile, the Dow experienced a drop of 0.84%, and the technology-dominated Nasdaq saw a decrease of 2.15%.
Shares of the real estate investment trust witnessed a loss of 12.98% over the previous month, trailing the performance of the Finance sector with its loss of 10.12% and the S&P 500's loss of 12.16%.
The upcoming earnings release of Gladstone Commercial will be of great interest to investors. In that report, analysts expect Gladstone Commercial to post earnings of $0.34 per share. This would mark no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.15 million, up 3.99% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $1.43 per share and revenue of $152.52 million. These totals would mark changes of +0.7% and +2.09%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Gladstone Commercial. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.61% fall in the Zacks Consensus EPS estimate. Gladstone Commercial presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Gladstone Commercial currently has a Forward P/E ratio of 9.37. This valuation marks a discount compared to its industry's average Forward P/E of 9.58.
It's also important to note that GOOD currently trades at a PEG ratio of 1.56. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the REIT and Equity Trust - Other industry held an average PEG ratio of 1.89.