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Intel (INTC) Dips More Than Broader Markets: What You Should Know
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Intel (INTC - Free Report) closed the most recent trading day at $48, moving -1.7% from the previous trading session. This move lagged the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the world's largest chipmaker had gained 8.58% over the past month, outpacing the Computer and Technology sector's loss of 5.28% and the S&P 500's loss of 2.43% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, INTC is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 12.96%. Our most recent consensus estimate is calling for quarterly revenue of $19.01 billion, up 11.48% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $4.53 per share and revenue of $71.20 billion. These results would represent year-over-year changes of +30.92% and +13.45%, respectively.
Investors might also notice recent changes to analyst estimates for INTC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 9% higher. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note INTC's current valuation metrics, including its Forward P/E ratio of 10.78. Its industry sports an average Forward P/E of 12.42, so we one might conclude that INTC is trading at a discount comparatively.
Investors should also note that INTC has a PEG ratio of 1.28 right now. 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 industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 42% 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.
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Intel (INTC) Dips More Than Broader Markets: What You Should Know
Intel (INTC - Free Report) closed the most recent trading day at $48, moving -1.7% from the previous trading session. This move lagged the S&P 500's daily loss of 1.66%. At the same time, the Dow lost 1.56%, and the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the world's largest chipmaker had gained 8.58% over the past month, outpacing the Computer and Technology sector's loss of 5.28% and the S&P 500's loss of 2.43% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be January 24, 2019. On that day, INTC is projected to report earnings of $1.22 per share, which would represent year-over-year growth of 12.96%. Our most recent consensus estimate is calling for quarterly revenue of $19.01 billion, up 11.48% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $4.53 per share and revenue of $71.20 billion. These results would represent year-over-year changes of +30.92% and +13.45%, respectively.
Investors might also notice recent changes to analyst estimates for INTC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 9% higher. INTC is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note INTC's current valuation metrics, including its Forward P/E ratio of 10.78. Its industry sports an average Forward P/E of 12.42, so we one might conclude that INTC is trading at a discount comparatively.
Investors should also note that INTC has a PEG ratio of 1.28 right now. 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 industry currently had an average PEG ratio of 1.85 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 42% 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.