We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Here's Why Intel (INTC) Fell More Than Broader Market
Read MoreHide Full Article
Intel (INTC - Free Report) ended the recent trading session at $36.06, demonstrating a -1.37% swing from the preceding day's closing price. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.25%.
The world's largest chipmaker's shares have seen a decrease of 3.76% over the last month, not keeping up with the Computer and Technology sector's loss of 0.05% and the S&P 500's loss of 1.6%.
The upcoming earnings release of Intel will be of great interest to investors. The company's earnings report is expected on October 26, 2023. The company is expected to report EPS of $0.21, down 64.41% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $13.48 billion, reflecting a 12.12% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.62 per share and revenue of $52.62 billion, indicating changes of -66.3% and -16.55%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Intel. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.49% rise in the Zacks Consensus EPS estimate. Intel presently features a Zacks Rank of #2 (Buy).
Investors should also note Intel's current valuation metrics, including its Forward P/E ratio of 59.1. This represents a premium compared to its industry's average Forward P/E of 19.12.
Meanwhile, INTC's PEG ratio is currently 9.52. 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. The average PEG ratio for the Semiconductor - General industry stood at 2.72 at the close of the market yesterday.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's Why Intel (INTC) Fell More Than Broader Market
Intel (INTC - Free Report) ended the recent trading session at $36.06, demonstrating a -1.37% swing from the preceding day's closing price. This change lagged the S&P 500's 0.01% loss on the day. At the same time, the Dow added 0.04%, and the tech-heavy Nasdaq lost 0.25%.
The world's largest chipmaker's shares have seen a decrease of 3.76% over the last month, not keeping up with the Computer and Technology sector's loss of 0.05% and the S&P 500's loss of 1.6%.
The upcoming earnings release of Intel will be of great interest to investors. The company's earnings report is expected on October 26, 2023. The company is expected to report EPS of $0.21, down 64.41% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $13.48 billion, reflecting a 12.12% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $0.62 per share and revenue of $52.62 billion, indicating changes of -66.3% and -16.55%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Intel. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 1.49% rise in the Zacks Consensus EPS estimate. Intel presently features a Zacks Rank of #2 (Buy).
Investors should also note Intel's current valuation metrics, including its Forward P/E ratio of 59.1. This represents a premium compared to its industry's average Forward P/E of 19.12.
Meanwhile, INTC's PEG ratio is currently 9.52. 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. The average PEG ratio for the Semiconductor - General industry stood at 2.72 at the close of the market yesterday.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 58, this industry ranks in the top 24% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.