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In the latest market close, Gladstone Commercial (GOOD) reached $14.88, with a -0.93% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.49%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 1.22%.
The real estate investment trust's shares have seen a decrease of 7.46% over the last month, not keeping up with the Finance sector's loss of 5.85% and outstripping the S&P 500's loss of 8.15%.
The investment community will be closely monitoring the performance of Gladstone Commercial in its forthcoming earnings report. The company is predicted to post an EPS of $0.35, indicating a 2.94% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $37.49 million, reflecting a 4.96% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.44 per share and a revenue of $151.13 million, signifying shifts of +1.41% and +1.17%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Gladstone Commercial. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.35% fall in the Zacks Consensus EPS estimate. Right now, Gladstone Commercial possesses a Zacks Rank of #4 (Sell).
From a valuation perspective, Gladstone Commercial is currently exchanging hands at a Forward P/E ratio of 10.43. This represents a discount compared to its industry's average Forward P/E of 11.
Also, we should mention that GOOD has a PEG ratio of 1.74. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The REIT and Equity Trust - Other was holding an average PEG ratio of 2.24 at yesterday's closing price.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 130, which puts it in the bottom 49% of all 250+ industries.