Gladstone Commercial (GOOD) closed at $16.15 in the latest trading session, marking a -0.55% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.16%.
The the stock of real estate investment trust has fallen by 6.88% in the past month, lagging the Finance sector's loss of 5.69% and the S&P 500's loss of 2.36%.
The investment community will be paying close attention to the earnings performance of Gladstone Commercial in its upcoming release. On that day, Gladstone Commercial is projected to report earnings of $0.35 per share, which would represent a year-over-year decline of 2.78%. In the meantime, our current consensus estimate forecasts the revenue to be $37.45 million, indicating a 4.29% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Gladstone Commercial. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Gladstone Commercial currently has a Zacks Rank of #2 (Buy).
In the context of valuation, Gladstone Commercial is at present trading with a Forward P/E ratio of 11.24. This expresses a discount compared to the average Forward P/E of 11.53 of its industry.
We can additionally observe that GOOD currently boasts a PEG ratio of 1.87. 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 - Other industry currently had an average PEG ratio of 2 as of yesterday's close.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 136, positioning it in the bottom 46% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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