VICI Falls 1.04% as Shares Trail Broader Market
The real estate investment trust’s shares lagged major indexes, with its next earnings report scheduled for October 28.
VICI Properties closed at $22.73 on Thursday, down 1.04% from the previous session. The S&P 500 rose 0.2%, while the Dow and Nasdaq each gained 0.04%.
The shares fell 10.31% over the previous month. That decline was steeper than the Finance sector’s 4.84% loss and the S&P 500’s 0.35% drop over the same period.
VICI is scheduled to report earnings on October 28. Zacks consensus estimates call for quarterly earnings of $0.61 per share, up 1.67% from the same quarter last year, and revenue of $1.06 billion, a 5.67% increase.
For the full year, Zacks estimates earnings of $2.47 per share and revenue of $4.22 billion. Those figures would represent increases of 3.78% and 5.26%, respectively, from the preceding year.
The consensus estimate for quarterly earnings per share rose 0.3% over the past month, according to Zacks. VICI’s forward price-to-earnings ratio was 9.31, compared with an industry average of 11.53.
This article was produced with the help of AI technology.
Source: Yahoo Finance
