Intel (INTC - Free Report) closed at $46.10 in the latest trading session, marking a +1.54% move from the prior day. This move outpaced the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.76%.
Coming into today, shares of the world's largest chipmaker had lost 2.32% in the past month. In that same time, the Computer and Technology sector gained 0.87%, while the S&P 500 gained 1.53%.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, INTC is projected to report earnings of $1.15 per share, which would represent year-over-year growth of 13.86%. Our most recent consensus estimate is calling for quarterly revenue of $18.10 billion, up 12.1% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.15 per share and revenue of $69.50 billion, which would represent changes of +19.94% and +10.73%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for INTC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0% higher. INTC is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, INTC is holding a Forward P/E ratio of 10.94. This valuation marks a discount compared to its industry's average Forward P/E of 11.98.
Investors should also note that INTC has a PEG ratio of 1.3 right now. 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 1.62 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 204, which puts it in the bottom 20% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Intel (INTC - Free Report) closed at $46.10 in the latest trading session, marking a +1.54% move from the prior day. This move outpaced the S&P 500's daily gain of 0.54%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.76%.
Coming into today, shares of the world's largest chipmaker had lost 2.32% in the past month. In that same time, the Computer and Technology sector gained 0.87%, while the S&P 500 gained 1.53%.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, INTC is projected to report earnings of $1.15 per share, which would represent year-over-year growth of 13.86%. Our most recent consensus estimate is calling for quarterly revenue of $18.10 billion, up 12.1% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.15 per share and revenue of $69.50 billion, which would represent changes of +19.94% and +10.73%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for INTC. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0% higher. INTC is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, INTC is holding a Forward P/E ratio of 10.94. This valuation marks a discount compared to its industry's average Forward P/E of 11.98.
Investors should also note that INTC has a PEG ratio of 1.3 right now. 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 1.62 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 204, which puts it in the bottom 20% 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.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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