Prologis, Inc. (PLD - Get Report) is expected to report adjusted net income of $195.9 million, or 38 cents a share, on sales of $698.8 million before the market opens on Tuesday, based on a FactSet survey of 7 analysts.
In the same period a year ago, the company posted earnings of 63.84 cents a share on sales of $544.7 million. It reported net income of $367.4 million.
The stock has risen 11.3% since the company last reported earnings on Apr. 16.
Quarterly estimates have fallen less than 1 cent a share in the past month.
Prologis is currently trading at a price-to-forward-earnings ratio of 45.1 based on the 12-month estimates of 7 analysts surveyed by FactSet.
In the upcoming quarter analysts are forecasting adjusted net income of $279.4 million, or 50 cents a share, on sales of $711.8 million.
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