Innovative Industrial Properties closed the most recent trading day at $56.25, up 1.17% and outpacing the S&P 500's 0.86% gain, while the Dow added 0.98% and the Nasdaq rose 0.96%. Ahead of its upcoming earnings disclosure, the company's earnings per share are projected at $1.84, a 7.6% increase from the same quarter last year, on quarterly revenue of $66.07 million, up 2.15% year over year. For the full year, the Zacks Consensus Estimates project earnings of $7.42 per share and revenue of $264.72 million, changes of +2.49% and -0.47% respectively from the preceding year. Over the past month the Zacks Consensus EPS estimate has moved 1.47% lower, and the stock carries a Zacks Rank of #3 (Hold) with a Forward P/E ratio of 7.5, a discount to its industry's average Forward P/E of 12.57. The REIT and Equity Trust - Other industry, part of the Finance sector, currently carries a Zacks Industry Rank of 85, placing it within the top 35% of over 250 industries.
Innovative Industrial Properties IncEarnings estimates project EPS up 7.6% YoY and revenue up 2.15% YoY ahead of its earnings disclosure.
