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Gladstone Commercial (GOOD) ended the recent trading session at $16.01, demonstrating a -1.05% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 1.11%. On the other hand, the Dow registered a loss of 0.77%, and the technology-centric Nasdaq decreased by 1.49%.
The the stock of real estate investment trust has fallen by 8.38% in the past month, lagging the Finance sector's loss of 4.01% and the S&P 500's gain of 0.4%.
Investors will be eagerly watching for the performance of Gladstone Commercial in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.35, indicating a 2.78% decline compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $37.45 million, up 4.29% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.43 per share and a revenue of $149.46 million, representing changes of -2.72% and +1.27%, respectively, from the prior year.
Any recent changes to analyst estimates for Gladstone Commercial should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Gladstone Commercial currently has a Zacks Rank of #2 (Buy).
From a valuation perspective, Gladstone Commercial is currently exchanging hands at a Forward P/E ratio of 11.31. This valuation marks a discount compared to its industry's average Forward P/E of 11.8.
It's also important to note that GOOD currently trades at a PEG ratio of 1.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The REIT and Equity Trust - Other industry had an average PEG ratio of 2.07 as trading concluded yesterday.