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Medical Properties (MPW) closed at $5.91 in the latest trading session, marking a -1.99% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.38%. Elsewhere, the Dow lost 0.03%, while the tech-heavy Nasdaq added 0.87%.
The the stock of health care real estate investment trust has risen by 4.33% in the past month, leading the Finance sector's loss of 3.41% and the S&P 500's loss of 5.59%.
Market participants will be closely following the financial results of Medical Properties in its upcoming release. The company is forecasted to report an EPS of $0.15, showcasing a 37.5% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $217.7 million, down 19.76% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.62 per share and a revenue of $911.28 million, representing changes of -22.5% and -8.46%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Medical Properties. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Medical Properties is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Medical Properties is holding a Forward P/E ratio of 9.74. This represents a discount compared to its industry's average Forward P/E of 10.83.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 143, positioning it in the bottom 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.