VICI Properties Inc. (VICI) Dips More Than Broader Markets: What You Should Know
In the latest trading session, VICI Properties Inc. (VICI) closed at $30.10, marking a -1.83% move from the previous day. This change lagged the S&P 500's daily loss of 1.64%. At the same time, the Dow lost 1.08%, and the tech-heavy Nasdaq lost 1.82%.
Coming into today, shares of the company had gained 0.16% in the past month. In that same time, the Finance sector gained 1.93%, while the S&P 500 gained 0.89%.
VICI Properties Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.53, up 8.16% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $897.34 million, up 19.4% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.13 per share and revenue of $3.58 billion, which would represent changes of +10.36% and +37.73%, respectively, from the prior year.
Any recent changes to analyst estimates for VICI Properties Inc. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. VICI Properties Inc. is currently a Zacks Rank #3 (Hold).
In terms of valuation, VICI Properties Inc. is currently trading at a Forward P/E ratio of 14.39. Its industry sports an average Forward P/E of 10.93, so we one might conclude that VICI Properties Inc. is trading at a premium comparatively.
It is also worth noting that VICI currently has a PEG ratio of 2.27. 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. The REIT and Equity Trust - Other industry currently had an average PEG ratio of 2.41 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow VICI in the coming trading sessions, be sure to utilize Zacks.com.
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VICI Properties Inc. (VICI) : Free Stock Analysis Report
