Prologis (NYSE:PLD) is preparing to release its quarterly earnings on Wednesday, 2024-10-16. Here's a brief overview of what investors should keep in mind before the announcement.
Analysts expect Prologis to report an earnings per share (EPS) of $1.38.
The market awaits Prologis's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
Performance in Previous Earnings
During the last quarter, the company reported an EPS beat by $0.01, leading to a 0.48% drop in the share price on the subsequent day.
Here's a look at Prologis's past performance and the resulting price change:
Quarter
Q2 2024
Q1 2024
Q4 2023
Q3 2023
EPS Estimate
1.33
1.28
EPS Actual
1.34
1.28
1.26
1.3
Price Change %
-0.0%
-2.0%
-0.0%
-3.0%
Stock Performance
Shares of Prologis were trading at $120.46 as of October 14. Over the last 52-week period, shares are up 16.07%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.
Analyst Insights on Prologis
For investors, staying informed about market sentiments and expectations in the industry is paramount. This analysis provides an exploration of the latest insights on Prologis.
Analysts have given Prologis a total of 15 ratings, with the consensus rating being Neutral. ...
