Medical Properties (MPW) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Medical Properties (MPW) closed at $3.10, marking a -1.9% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 1.61% for the day. Meanwhile, the Dow experienced a drop of 0.82%, and the technology-dominated Nasdaq saw a decrease of 2.23%.
The the stock of health care real estate investment trust has fallen by 37.55% in the past month, lagging the Finance sector's loss of 1.3% and the S&P 500's gain of 3.28%.
Analysts and investors alike will be keeping a close eye on the performance of Medical Properties in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.29, showcasing a 32.56% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $263.25 million, indicating a 30.81% decline compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Medical Properties. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
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, 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. Within the past 30 days, our consensus EPS projection has moved 7.86% lower. Medical Properties is currently sporting a Zacks Rank of #5 (Strong Sell).
From a valuation perspective, Medical Properties is currently exchanging hands at a Forward P/E ratio of 2.38. This indicates a discount in contrast to its industry's Forward P/E of 11.2.
It's also important to note that MPW currently trades at a PEG ratio of 0.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.53 based on yesterday's closing prices.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 106, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Medical Properties Trust, Inc. (MPW) : Free Stock Analysis Report
