In the latest trading session, Realty Income Corp. (O) closed at $69.20, marking a -1.17% move from the previous day. This change lagged the S&P 500's 1.09% loss on the day. Meanwhile, the Dow lost 1.23%, and the Nasdaq, a tech-heavy index, lost 1.19%.
Coming into today, shares of the real estate investment trust had gained 1.33% in the past month. In that same time, the Finance sector gained 1.01%, while the S&P 500 gained 2.62%.
O will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2019. The company is expected to report EPS of $0.81, up 1.25% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $360.87 million, up 9.72% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.29 per share and revenue of $1.47 billion. These totals would mark changes of +3.13% and +10.38%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for O. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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 0.14% lower within the past month. O is currently a Zacks Rank #3 (Hold).
Digging into valuation, O currently has a Forward P/E ratio of 21.26. This valuation marks a premium compared to its industry's average Forward P/E of 13.52.
Also, we should mention that O has a PEG ratio of 5.35. 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 REIT and Equity Trust - Retail industry currently had an average PEG ratio of 3.44 as of yesterday's close.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 100, which puts it in the top 40% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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