Prologis Earnings Preview: EPS Growth and Estimates Upcoming

In a recent report, Prologis is expected to announce EPS of $1.38, rising 6.15% year-over-year. The outlook indicates anticipated revenue growth of 7.03%. The company's performance in the upcoming earnings report will be critical for stock sentiment.

Date: 02-10-2024

AI Rating: 7

The report highlights Prologis (PLD) nearing an important earnings disclosure set for October 16, 2024. Investors are focused on the anticipated earnings per share (EPS) of $1.38, which represents a positive growth of 6.15% compared to the same quarter last year. Additionally, the consensus revenue estimate is projected at $1.9 billion, which is an increase of 7.03% year-over-year.

The full-year Zacks Consensus Estimates project an annual EPS of $5.42, which shows a slight decline of -3.39% from the prior year. However, revenue estimates for the full year indicate a robust growth projection of +10.34%, reaching $7.52 billion.

The adjustments to analyst estimates also signal a positive business outlook for Prologis. The report points out that recent positive revisions can correlate with an optimistic market perspective and may impact stock movement. Currently, Prologis holds a Zacks Rank of #3 (Hold), suggesting market participants are cautious but not overly pessimistic.

In terms of valuation, Prologis is trading at a Forward P/E ratio of 23.28, which surpasses the industry average Forward P/E of 13.14. However, this elevated P/E may reflect investor confidence in the company's growth potential, especially given the expected revenue growth rates.

Furthermore, Prologis possesses a PEG ratio of 3.24, compared to an industry average of 2.5, which can indicate a relatively high price paid for future earnings growth. The company's positioning within the REIT and Equity Trust - Other industry, which is ranked within the top 32% of over 250 industries, also provides some context for its potential performance. Overall, positive earnings surprises or revenue growth could positively impact Prologis's stock price following the earnings report.

Stocks: PLD