VICI Properties Inc. (VICI) Ascends While Market Falls: Some Facts to Note
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VICI Properties Inc. (VICI) closed at $31.45 in the latest trading session, marking a +0.22% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%.
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Coming into today, shares of the company had lost 0.88% in the past month. In that same time, the Finance sector gained 3.08%, while the S&P 500 gained 5.17%.
The investment community will be closely monitoring the performance of VICI Properties Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.59, marking a 3.51% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $995.14 million, indicating a 3.99% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.34 per share and a revenue of $3.98 billion, signifying shifts of +3.54% and +3.52%, respectively, from the last year.
Any recent changes to analyst estimates for VICI Properties Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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, the Zacks Consensus EPS estimate has moved 0.17% higher. Right now, VICI Properties Inc. possesses a Zacks Rank of #2 (Buy).
In terms of valuation, VICI Properties Inc. is currently trading at a Forward P/E ratio of 13.39. This indicates a premium in contrast to its industry's Forward P/E of 11.24.
Meanwhile, VICI's PEG ratio is currently 2.91. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.44 at the close of the market yesterday.