Free Annual Reports
ProLogis Third Quarter Earnings Preview
Tickers in this Article »
PLD
When ProLogis (NYSE:PLD) releases its third quarter earnings on Tuesday, October 23, 2012, analysts are expecting a 2.3% drop in earnings from a year ago. The consensus estimate is 43 cents per share, down from earnings of 44 cents per share a year ago.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Despite rising from 42 cents over the past three months, the consensus estimate hasn't changed in the last 30 days. Analysts are projecting earnings of $1.69 per share for the fiscal year.
ProLogis' expected revenue of $221.1 million for the quarter is below last year's reported figure of $597.6 million by 63%. Revenue for the fiscal year is expected to come in at $901.4 million.
Company Performance: Revenue increases have been in the double digits for the past four quarters. It has risen by an average of more than twofold, with the biggest increase of more than fourfold coming in the first quarter.
Compared to the industry average of 14.47, PLD's P/E ratio of 80.3 is quite high. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: The P/E Ratio: A Good Market-Timing Indicator
The stock price has risen from $32.11 on July 20, 2012 to $36.14 over the past quarter. ProLogis' stock price is currently in the middle of a rising streak. The stock has risen $1.31 per share since October 11, 2012.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: Despite rising from 42 cents over the past three months, the consensus estimate hasn't changed in the last 30 days. Analysts are projecting earnings of $1.69 per share for the fiscal year.
ProLogis' expected revenue of $221.1 million for the quarter is below last year's reported figure of $597.6 million by 63%. Revenue for the fiscal year is expected to come in at $901.4 million.
Compared to the industry average of 14.47, PLD's P/E ratio of 80.3 is quite high. Usually, if a stock has a high P/E ratio, it indicates that the market expects the company to grow earnings quickly in the future. The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. High P/E stocks could be "growth" stocks, while low PE stocks may be "value" stocks. SEE: The P/E Ratio: A Good Market-Timing Indicator
The stock price has risen from $32.11 on July 20, 2012 to $36.14 over the past quarter. ProLogis' stock price is currently in the middle of a rising streak. The stock has risen $1.31 per share since October 11, 2012.
by
Investopedia Staff
Investopedia.com believes that individuals can excel at managing their financial affairs. As such, we strive to provide free educational content and tools to empower individual investors, including thousands of original and objective articles and tutorials on a wide variety of financial topics.
Free Annual Reports
