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 10/15/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.03. The reported EPS for the same quarter last year was $0.9.

Prologis last issued its earnings results on July 18th, 2021. The real estate investment trust reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.37. The firm had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Its quarterly revenue was up 21.8% on a year-over-year basis. Prologis has generated $3.80 earnings per share over the last year ($2.08 diluted earnings per share) and currently has a price-to-earnings ratio of 64.4. Earnings for Prologis are expected to grow by 10.81% in the coming year, from $4.07 to $4.51 per share. Prologis has confirmed that its next quarterly earnings report will be published on Friday, October 15th, 2021. Prologis will be holding an earnings conference call on Friday, October 15th at 12:00 PM Eastern. Interested parties can or dial in at 416-621-4642 with passcode “1931016”.

Analyst Opinion on Prologis (NYSE:PLD)

According to the issued ratings of 14 analysts in the last year, the consensus rating for Prologis stock is Buy based on the current 1 hold rating, 12 buy ratings and 1 strong buy rating for PLD. The average twelve-month price target for Prologis is $139.80 with a high price target of $166.00 and a low price target of $121.00.
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on PLD’s analyst rating history

Prologis has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 12 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $139.80, Prologis has a forecasted upside of 4.4% from its current price of $133.90. Prologis has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Prologis (NYSE:PLD)

Prologis pays a meaningful dividend of 1.90%, higher than the bottom 25% of all stocks that pay dividends. Prologis has been increasing its dividend for 8 years. The dividend payout ratio of Prologis is 66.32%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Prologis will have a dividend payout ratio of 55.88% 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 sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,204,720.00 in company stock. Only 0.87% of the stock of Prologis is held by insiders. 93.04% 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 10.81% in the coming year, from $4.07 to $4.51 per share. The P/E ratio of Prologis is 64.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.74. The P/E ratio of Prologis is 64.38, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.60. Prologis has a PEG Ratio of 4.47. 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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