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Texas Instruments (TXN) Stock Moves -1.65%: What You Should Know
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Texas Instruments (TXN - Free Report) closed the most recent trading day at $94.26, moving -1.65% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the chipmaker had lost 2.16% over the past month, lagging the Computer and Technology sector's loss of 0.02% and outpacing the S&P 500's loss of 2.51% in that time.
TXN will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. The company is expected to report EPS of $1.24, up 13.76% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.75 billion, up 0.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.57 per share and revenue of $15.82 billion. These totals would mark changes of +30.14% and +5.76%, respectively, from last 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TXN is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, TXN currently has a Forward P/E ratio of 17.21. This valuation marks a premium compared to its industry's average Forward P/E of 12.36.
Also, we should mention that TXN has a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - General was holding an average PEG ratio of 1.81 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Stock Moves -1.65%: What You Should Know
Texas Instruments (TXN - Free Report) closed the most recent trading day at $94.26, moving -1.65% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.
Heading into today, shares of the chipmaker had lost 2.16% over the past month, lagging the Computer and Technology sector's loss of 0.02% and outpacing the S&P 500's loss of 2.51% in that time.
TXN will be looking to display strength as it nears its next earnings release, which is expected to be January 22, 2019. The company is expected to report EPS of $1.24, up 13.76% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.75 billion, up 0.04% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.57 per share and revenue of $15.82 billion. These totals would mark changes of +30.14% and +5.76%, respectively, from last 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TXN is holding a Zacks Rank of #4 (Sell) right now.
Digging into valuation, TXN currently has a Forward P/E ratio of 17.21. This valuation marks a premium compared to its industry's average Forward P/E of 12.36.
Also, we should mention that TXN has a PEG ratio of 1.81. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Semiconductor - General was holding an average PEG ratio of 1.81 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.