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Texas Instruments (TXN) Dips More Than Broader Markets: What You Should Know
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Texas Instruments (TXN - Free Report) closed at $99.54 in the latest trading session, marking a -1.97% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 1.27%, and the tech-heavy Nasdaq lost 2.06%.
Prior to today's trading, shares of the chipmaker had lost 5.43% over the past month. This has lagged the Computer and Technology sector's loss of 3.96% and the S&P 500's loss of 2.61% in that time.
Wall Street will be looking for positivity from TXN as it approaches its next earnings report date. This is expected to be October 23, 2018. The company is expected to report EPS of $1.53, up 21.43% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.30 billion, up 4.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.65 per share and revenue of $16.11 billion, which would represent changes of +32.01% and +7.7%, respectively, from the prior year.
Any recent changes to analyst estimates for TXN should also be noted by investors. 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. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. TXN is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that TXN has a Forward P/E ratio of 17.96 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.06.
Meanwhile, TXN's PEG ratio is currently 1.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Semiconductor - General stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Texas Instruments (TXN) Dips More Than Broader Markets: What You Should Know
Texas Instruments (TXN - Free Report) closed at $99.54 in the latest trading session, marking a -1.97% move from the prior day. This change lagged the S&P 500's 1.44% loss on the day. At the same time, the Dow lost 1.27%, and the tech-heavy Nasdaq lost 2.06%.
Prior to today's trading, shares of the chipmaker had lost 5.43% over the past month. This has lagged the Computer and Technology sector's loss of 3.96% and the S&P 500's loss of 2.61% in that time.
Wall Street will be looking for positivity from TXN as it approaches its next earnings report date. This is expected to be October 23, 2018. The company is expected to report EPS of $1.53, up 21.43% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.30 billion, up 4.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.65 per share and revenue of $16.11 billion, which would represent changes of +32.01% and +7.7%, respectively, from the prior year.
Any recent changes to analyst estimates for TXN should also be noted by investors. 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. The Zacks Consensus EPS estimate has moved 0.06% higher within the past month. TXN is currently a Zacks Rank #4 (Sell).
Valuation is also important, so investors should note that TXN has a Forward P/E ratio of 17.96 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.06.
Meanwhile, TXN's PEG ratio is currently 1.89. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Semiconductor - General stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.