We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Intel (INTC) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Intel (INTC - Free Report) closed at $29.18 in the latest trading session, marking a -0.38% move from the prior day. This change lagged the S&P 500's daily gain of 0.34%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the world's largest chipmaker had lost 19.07% over the past month, lagging the Computer and Technology sector's loss of 12.4% and the S&P 500's loss of 7.95% in that time.
Wall Street will be looking for positivity from Intel as it approaches its next earnings report date. The company is expected to report EPS of $0.35, down 79.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $15.57 billion, down 18.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.25 per share and revenue of $66.2 billion, which would represent changes of -58.87% and -15.16%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.49% lower within the past month. Intel is currently a Zacks Rank #5 (Strong Sell).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 12.99 right now. For comparison, its industry has an average Forward P/E of 11.47, which means Intel is trading at a premium to the group.
We can also see that INTC currently has a PEG ratio of 1.73. 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 1.84 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 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Intel (INTC) Stock Sinks As Market Gains: What You Should Know
Intel (INTC - Free Report) closed at $29.18 in the latest trading session, marking a -0.38% move from the prior day. This change lagged the S&P 500's daily gain of 0.34%. Elsewhere, the Dow gained 0.1%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the world's largest chipmaker had lost 19.07% over the past month, lagging the Computer and Technology sector's loss of 12.4% and the S&P 500's loss of 7.95% in that time.
Wall Street will be looking for positivity from Intel as it approaches its next earnings report date. The company is expected to report EPS of $0.35, down 79.53% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $15.57 billion, down 18.89% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.25 per share and revenue of $66.2 billion, which would represent changes of -58.87% and -15.16%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.49% lower within the past month. Intel is currently a Zacks Rank #5 (Strong Sell).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 12.99 right now. For comparison, its industry has an average Forward P/E of 11.47, which means Intel is trading at a premium to the group.
We can also see that INTC currently has a PEG ratio of 1.73. 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 1.84 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 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.