In the latest close session, Intel (INTC) was up +2.63% at $46.78. The stock's performance was ahead of the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.07%, and the technology-centric Nasdaq increased by 0.01%.
Coming into today, shares of the world's largest chipmaker had lost 9.28% in the past month. In that same time, the Computer and Technology sector lost 3.04%, while the S&P 500 lost 2.26%.
The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0, marking a 100% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $12.26 billion, indicating a 3.24% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.49 per share and revenue of $53.79 billion, which would represent changes of +16.67% and +1.77%, respectively, from the prior year.
Any recent changes to analyst estimates for Intel should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 2.54% lower. Intel presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Intel is currently trading at a Forward P/E ratio of 93.72. This signifies a premium in comparison to the average Forward P/E of 31.26 for its industry.
It's also important to note that INTC currently trades at a PEG ratio of 2.22. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - General industry had an average PEG ratio of 1.77 as trading concluded yesterday.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 88, this industry ranks in the top 36% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Intel Corporation (INTC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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