In the latest trading session, Starwood Property Trust (STWD) closed at $18.43, marking a -0.11% move from the previous day. This change was narrower than the S&P 500’s daily loss of 0.77%. Meanwhile, the Dow lost 0.65%, and the Nasdaq, a tech-heavy index, lost 2.23%.
Heading into today, shares of the commercial real estate investment trust had gained 8.34% over the past month, outpacing the Finance sector’s gain of 2% and the S&P 500’s gain of 4.66% in that time.
Investors will be hoping for strength from Starwood Property Trust as it approaches its next earnings release. The company is expected to report EPS of $0.48, down 5.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $508 million, up 56.02% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.88 per share and revenue of $2.03 billion. These totals would mark changes of -17.54% and +38.66%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Starwood Property Trust. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Starwood Property Trust is currently a Zacks Rank #4 (Sell).
In terms of valuation, Starwood Property Trust is currently trading at a Forward P/E ratio of 9.84. This valuation marks a premium compared to its industry’s average Forward P/E of 7.43.
The REIT and Equity Trust industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 238, which puts it in the bottom 6% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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.
Zacks Names “Single Best Pick to Double”
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image and article originally from www.nasdaq.com. Read the original article here.