Stag Industrial (STAG) Gains But Lags Market: What You Should Know
In the latest trading session, Stag Industrial (STAG) closed at $39.50, marking a +1.02% move from the previous day. This change lagged the S&P 500's 2.57% gain on the day. At the same time, the Dow added 2%, and the tech-heavy Nasdaq gained 0.3%.
Coming into today, shares of the industrial real estate investment trust had lost 4.8% in the past month. In that same time, the Finance sector lost 9.54%, while the S&P 500 lost 7.68%.
Wall Street will be looking for positivity from Stag Industrial as it approaches its next earnings report date. In that report, analysts expect Stag Industrial to post earnings of $0.52 per share. This would mark year-over-year growth of 6.12%. Meanwhile, our latest consensus estimate is calling for revenue of $156.15 million, up 16.53% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.16 per share and revenue of $650.67 million. These totals would mark changes of +4.85% and +15.75%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Stag Industrial. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 0.23% higher within the past month. Stag Industrial is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Stag Industrial is holding a Forward P/E ratio of 18.1. Its industry sports an average Forward P/E of 14.95, so we one might conclude that Stag Industrial is trading at a premium comparatively.
We can also see that STAG currently has a PEG ratio of 3.49. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. REIT and Equity Trust - Other stocks are, on average, holding a PEG ratio of 2.73 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 112, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Stag Industrial, Inc. (STAG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
