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Dell Technologies (DELL) Gains As Market Dips: What You Should Know
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Dell Technologies (DELL - Free Report) closed the most recent trading day at $40.22, moving +1% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Heading into today, shares of the computer and technology services provider had lost 11.31% over the past month, lagging the Computer and Technology sector's loss of 3.63% and the S&P 500's loss of 2.59% in that time.
Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share. This would mark a year-over-year decline of 2.91%. Meanwhile, our latest consensus estimate is calling for revenue of $23.64 billion, down 15.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.48 per share and revenue of $100.9 billion. These totals would mark changes of +20.26% and -5.73%, respectively, from last year.
Any recent changes to analyst estimates for Dell Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained stagnant. Dell Technologies is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.32 right now. This represents a discount compared to its industry's average Forward P/E of 23.35.
It is also worth noting that DELL currently has a PEG ratio of 0.44. 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 industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% 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.
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 As Market Dips: What You Should Know
Dell Technologies (DELL - Free Report) closed the most recent trading day at $40.22, moving +1% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.25%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 5.91%.
Heading into today, shares of the computer and technology services provider had lost 11.31% over the past month, lagging the Computer and Technology sector's loss of 3.63% and the S&P 500's loss of 2.59% in that time.
Dell Technologies will be looking to display strength as it nears its next earnings release. In that report, analysts expect Dell Technologies to post earnings of $1.67 per share. This would mark a year-over-year decline of 2.91%. Meanwhile, our latest consensus estimate is calling for revenue of $23.64 billion, down 15.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.48 per share and revenue of $100.9 billion. These totals would mark changes of +20.26% and -5.73%, respectively, from last year.
Any recent changes to analyst estimates for Dell Technologies should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 remained stagnant. Dell Technologies is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 5.32 right now. This represents a discount compared to its industry's average Forward P/E of 23.35.
It is also worth noting that DELL currently has a PEG ratio of 0.44. 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 industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 65, putting it in the top 26% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.