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Increased Earnings Estimates Seen for Parkway Properties (PKY): Can It Move Higher?

Zacks Equity Research

Parkway Properties Inc. (PKY), a real estate investment trust, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on PKY’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Parkway Properties could be a solid choice for investors.  

Current Quarter Estimates for PKY

Though Parkway Properties has seen no estimate revision over the past 30 days, the consensus estimate trend has been pretty favorable for the company. Estimates have increased from 8 cents a share 30 days ago, to 12 cents a share today, a move of 50.0%.   

Current Year Estimates for PKY

For the current year figures also, Parkway Properties did not witness any estimate revision in the last 30-day frame. However, the consensus estimate trend has seen a boost for this time frame, increasing from 81 cents per share 30 days ago to 89 cents per share today, an increase of 9.9%.

Bottom Line

The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.

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PARKWAY PROPERTIES INC (PKY): Free Stock Analysis Report

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