Prologis, Inc. (NYSE:PLD) is set to announce third quarter earning results on Tuesday 20th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, PLD to report 3Q20 income of $ 0.32 per share.
For the full year, analysts anticipate top line of $ 3747.41 million, while looking forward to income of $ 1.78 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.06 ~ $ 2.18 per share
Click Here For More Historical Outlooks Of Prologis, Inc.
Previous Quarter Performance
Prologis, Inc. came out with income for the second quarter of $ 0.54 per share, from the revenue of $ 944.37 million, On adjusted basis, PLD reported income for the quarter of $ 1.11 per share. The quarterly earnings decreased 10.00 percent while revenues increased 34.78 percent compared with the same quarter last year. The consensus estimates are income of $ 0.46 per share from $ 928.42 million in revenue. The bottom line results beat street analysts by $ 0.65 or 141.30 percent, at the same time, top line results outshined analysts by $ 15.95 million or 1.72 percent.
Stock Performance
Shares of Prologis, Inc. traded low $ -1.24 or -1.19 percent on Monday, reaching $ 103.02 with volume of 1.66 million shares. Prologis, Inc. has traded high as $ 105.24 and has cracked $ 102.90 on the downward trend
According to the previous trading day, closing price of $ 103.02, representing a 74.29 % increase from the 52 week low of $ 59.82 and a 4.45 % decrease over the 52 week high of $ 109.11.
The company has a market capital of $ 76.11 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 16th October 2020, initiated by UBS Group at Buy rating, with $ 126.00 target price.
- On 24th August 2020, downgraded by Evercore ISI to In-Line from Outperform rating, with $ 106.00 target price.
Conference Call
Prologis, Inc. will be hosting a conference call at 12:00 PM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.prologis.com
Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of March 31, 2019, the company owned or had investments in, on a wholly owned basis or through co-investment ventures, properties and development projects expected to total approximately 772 million square feet (72 million square meters) in 19 countries.
