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The latest trading session saw Realty Income Corp. (O) ending at $57.12, denoting a -0.05% adjustment from its last day's close. This change lagged the S&P 500's 0.67% gain on the day. Meanwhile, the Dow experienced a rise of 0.56%, and the technology-dominated Nasdaq saw an increase of 0.87%.
Heading into today, shares of the real estate investment trust had lost 1.06% over the past month, outpacing the Finance sector's loss of 3.32% and the S&P 500's loss of 5.28% in that time.
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. Our most recent consensus estimate is calling for quarterly revenue of $1.38 billion, up 9.26% from the year-ago period.
O's full-year Zacks Consensus Estimates are calling for earnings of $4.29 per share and revenue of $5.58 billion. These results would represent year-over-year changes of +2.39% and +5.85%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Realty Income Corp. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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 0.26% lower within the past month. Currently, Realty Income Corp. is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Realty Income Corp. is presently being traded at a Forward P/E ratio of 13.32. This denotes a discount relative to the industry's average Forward P/E of 13.54.
It's also important to note that O currently trades at a PEG ratio of 2.16. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The REIT and Equity Trust - Retail was holding an average PEG ratio of 2.76 at yesterday's closing price.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 31% of all 250+ industries.