Gladstone Commercial (GOOD) ended the recent trading session at $16.30, demonstrating a -0.73% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.
Shares of the real estate investment trust witnessed a gain of 3.53% over the previous month, beating the performance of the Finance sector with its loss of 5.36% and the S&P 500's gain of 1.47%.
The investment community will be paying close attention to the earnings performance of Gladstone Commercial in its upcoming release. The company is slated to reveal its earnings on November 4, 2024. In that report, analysts expect Gladstone Commercial to post earnings of $0.35 per share. This would mark year-over-year growth of 2.94%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $36.66 million, up 0.55% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.40 per share and a revenue of $146.31 million, signifying shifts of -4.76% and -0.86%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Gladstone Commercial. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.08% higher. Gladstone Commercial is currently a Zacks Rank #2 (Buy).
From a valuation perspective, Gladstone Commercial is currently exchanging hands at a Forward P/E ratio of 11.73. This valuation marks a discount compared to its industry's average Forward P/E of 12.66.
Investors should also note that GOOD has a PEG ratio of 1.95 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.66 at the close of the market yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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