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Intel (INTC) Gains But Lags Market: What You Should Know
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Intel (INTC - Free Report) closed at $26.42 in the latest trading session, marking a +1.97% move from the prior day. The stock lagged the S&P 500's daily gain of 2.65%. At the same time, the Dow added 1.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the world's largest chipmaker had lost 11.39% over the past month. This has was narrower than the Computer and Technology sector's loss of 12.03% and lagged the S&P 500's loss of 8.99% in that time.
Investors will be hoping for strength from Intel as it approaches its next earnings release, which is expected to be October 27, 2022. The company is expected to report EPS of $0.34, down 80.12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.49 billion, down 19.28% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $2.21 per share and revenue of $65.76 billion. These results would represent year-over-year changes of -59.6% and -15.72%, respectively.
Investors should also note any recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.19% lower. Intel is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Intel is currently trading at a Forward P/E ratio of 11.75. This valuation marks a premium compared to its industry's average Forward P/E of 8.56.
We can also see that INTC currently has a PEG ratio of 1.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor - General was holding an average PEG ratio of 1.64 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Intel (INTC) Gains But Lags Market: What You Should Know
Intel (INTC - Free Report) closed at $26.42 in the latest trading session, marking a +1.97% move from the prior day. The stock lagged the S&P 500's daily gain of 2.65%. At the same time, the Dow added 1.86%, and the tech-heavy Nasdaq gained 0.24%.
Prior to today's trading, shares of the world's largest chipmaker had lost 11.39% over the past month. This has was narrower than the Computer and Technology sector's loss of 12.03% and lagged the S&P 500's loss of 8.99% in that time.
Investors will be hoping for strength from Intel as it approaches its next earnings release, which is expected to be October 27, 2022. The company is expected to report EPS of $0.34, down 80.12% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.49 billion, down 19.28% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $2.21 per share and revenue of $65.76 billion. These results would represent year-over-year changes of -59.6% and -15.72%, respectively.
Investors should also note any recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 2.19% lower. Intel is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Intel is currently trading at a Forward P/E ratio of 11.75. This valuation marks a premium compared to its industry's average Forward P/E of 8.56.
We can also see that INTC currently has a PEG ratio of 1.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductor - General was holding an average PEG ratio of 1.64 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within 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 follow all of these stock-moving metrics, and many more, on Zacks.com.