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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
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In the latest trading session, Dell Technologies (DELL - Free Report) closed at $34.47, marking a +0.61% move from the previous day. This change lagged the S&P 500's 2.65% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the computer and technology services provider had lost 9.75% over the past month. This has was narrower than the Computer and Technology sector's loss of 12.03% and lagged the S&P 500's loss of 8.99% in that time.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 31.65%. Meanwhile, our latest consensus estimate is calling for revenue of $24.42 billion, down 14.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.78 per share and revenue of $101.92 billion. These totals would mark changes of +9% and -4.78%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% lower. Dell Technologies is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 5.06. Its industry sports an average Forward P/E of 20.38, so we one might conclude that Dell Technologies is trading at a discount comparatively.
Also, we should mention that DELL has a PEG ratio of 0.42. 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 Computers - IT Services was holding an average PEG ratio of 1.01 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 130, putting it in the bottom 49% 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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Dell Technologies (DELL) Gains But Lags Market: What You Should Know
In the latest trading session, Dell Technologies (DELL - Free Report) closed at $34.47, marking a +0.61% move from the previous day. This change lagged the S&P 500's 2.65% gain on the day. Meanwhile, the Dow gained 1.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the computer and technology services provider had lost 9.75% over the past month. This has was narrower than the Computer and Technology sector's loss of 12.03% and lagged the S&P 500's loss of 8.99% in that time.
Investors will be hoping for strength from Dell Technologies as it approaches its next earnings release, which is expected to be November 21, 2022. On that day, Dell Technologies is projected to report earnings of $1.62 per share, which would represent a year-over-year decline of 31.65%. Meanwhile, our latest consensus estimate is calling for revenue of $24.42 billion, down 14.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.78 per share and revenue of $101.92 billion. These totals would mark changes of +9% and -4.78%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% lower. Dell Technologies is currently sporting a Zacks Rank of #4 (Sell).
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 5.06. Its industry sports an average Forward P/E of 20.38, so we one might conclude that Dell Technologies is trading at a discount comparatively.
Also, we should mention that DELL has a PEG ratio of 0.42. 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 Computers - IT Services was holding an average PEG ratio of 1.01 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 130, putting it in the bottom 49% 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.