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The latest trading session saw Realty Income Corp. (O) ending at $56.40, denoting a -0.55% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.49%. Meanwhile, the Dow experienced a drop of 0.2%, and the technology-dominated Nasdaq saw an increase of 1.22%.
The the stock of real estate investment trust has risen by 4.28% in the past month, leading the Finance sector's loss of 5.85% and the S&P 500's loss of 8.15%.
Analysts and investors alike will be keeping a close eye on the performance of Realty Income Corp. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.06, signifying a 2.91% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $1.38 billion, reflecting a 9.26% rise from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.29 per share and revenue of $5.58 billion. These totals would mark changes of +2.39% and +5.85%, respectively, from last year.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. Recent revisions tend to reflect the latest near-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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.43% decrease. Realty Income Corp. is currently a Zacks Rank #3 (Hold).
From a valuation perspective, Realty Income Corp. is currently exchanging hands at a Forward P/E ratio of 13.22. This denotes a discount relative to the industry's average Forward P/E of 13.64.
We can also see that O currently has a PEG ratio of 2.15. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the REIT and Equity Trust - Retail industry had an average PEG ratio of 2.84.
The REIT and Equity Trust - Retail industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 86, placing it within the top 35% of over 250 industries.