Is it time to Buy before this week’s earning report Prologis (NYSE:PLD)

Earnings results for Prologis (NYSE:PLD)

Prologis, Inc. is expected* to report earnings on 04/19/2021 before market open. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.94. The reported EPS for the same quarter last year was $0.83.

Prologis last released its quarterly earnings results on January 25th, 2021. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by $0.54. The company earned $1.11 billion during the quarter, compared to analysts’ expectations of $993.87 million. Its quarterly revenue was up 34.6% on a year-over-year basis. Prologis has generated $3.31 earnings per share over the last year and currently has a price-to-earnings ratio of 50.0. Prologis has confirmed that its next quarterly earnings report will be published on Monday, April 19th, 2021. Prologis will be holding an earnings conference call on Monday, April 19th. Interested parties can register for or listen to the call using this link.

Analyst Opinion on Prologis (NYSE:PLD)

13 Wall Street analysts have issued ratings and price targets for Prologis in the last 12 months. Their average twelve-month price target is $115.50, predicting that the stock has a possible upside of 2.61%. The high price target for PLD is $126.00 and the low price target for PLD is $98.00. There are currently 12 buy ratings and 1 strong buy rating for the stock, resulting in a consensus rating of “Buy.”

Prologis has received a consensus rating of Buy. The company’s average rating score is 3.08, and is based on 12 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $115.50, Prologis has a forecasted upside of 2.6% from its current price of $112.56. Prologis has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Prologis (NYSE:PLD)

Prologis pays a meaningful dividend of 2.30%, higher than the bottom 25% of all stocks that pay dividends. Prologis has only been increasing its dividend for 1 years. The dividend payout ratio of Prologis is 76.13%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Prologis will have a dividend payout ratio of 65.80% next year. This indicates that Prologis will be able to sustain or increase its dividend.

Insiders buying/selling: Prologis (NYSE:PLD)

In the past three months, Prologis insiders have not sold or bought any company stock. Only 0.93% of the stock of Prologis is held by insiders. 94.07% of the stock of Prologis is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Prologis (NYSE:PLD

Earnings for Prologis are expected to grow by 1.59% in the coming year, from $3.77 to $3.83 per share. The P/E ratio of Prologis is 50.03, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.03. The P/E ratio of Prologis is 50.03, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.86. Prologis has a PEG Ratio of 3.41. PEG Ratios above 1 indicate that a company could be overvalued. Prologis has a P/B Ratio of 2.73. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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