IBD 50 member Prologis stock is in a potential buy range with its next quarterly earnings report due on Apr. 19.
The stock is about 3% above a 160.95 buy point from a third-stage cup with handle. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Buying a stock just ahead of earnings involves risk since you typically don't have enough time to establish a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
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Prologis Sees Earnings Growth
In terms of fundamentals, Prologis has posted rising EPS growth over the last two quarters. Top line growth has also risen over the same time frame.
Consensus analyst estimates call for EPS growth of -3% for the quarter, and 13% growth for the full year.
Prologis stock has a 93 Composite Rating and holds the No. 10 rank among its peers in the Finance-Property REITs industry group. Rexford Industrial Realty, Extra Space Storage and Public Storage are among the top 5 highly rated stocks within the group.
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
