Prologis Falls 2.09% as S&P 500 Posts Smaller Loss

Prologis shares fell 2.09% to $129.84 in Wednesday’s session, while the S&P 500 lost 0.25%. The Dow fell 0.86%, and the Nasdaq rose 0.24%.

Over the past month, Prologis dropped 5.06%. That decline exceeded the Finance sector’s 4.43% loss and the S&P 500’s 0.42% decrease.

The company is scheduled to report earnings on October 15. Zacks consensus estimates call for quarterly earnings of $1.58 per share, up 6.04% from a year earlier, and revenue of $2.2 billion, up 7.1%.

For the full year, Zacks estimates earnings of $6.27 per share and revenue of $8.7 billion. Those figures would be up 7.92% and 6.67%, respectively, from the prior year. The consensus estimate for quarterly earnings per share has stayed unchanged over the past month.

Prologis has a forward price-to-earnings ratio of 21.16, compared with an industry average of 11.85, according to the article. The ratio compares a company’s share price with expected earnings.