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Infineon Technologies AG (IFNNY) Dips More Than Broader Market: What You Should Know
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The latest trading session saw Infineon Technologies AG (IFNNY - Free Report) ending at $30.88, denoting a -0.97% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq added 0.27%.
The the stock of company has fallen by 6.42% in the past month, lagging the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Infineon Technologies AG in its upcoming earnings disclosure. On that day, Infineon Technologies AG is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 7.94%.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Infineon Technologies AG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.81% lower. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Infineon Technologies AG is currently exchanging hands at a Forward P/E ratio of 11.46. This indicates a discount in contrast to its industry's Forward P/E of 25.23.
Also, we should mention that IFNNY has a PEG ratio of 0.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. IFNNY's industry had an average PEG ratio of 4.12 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Infineon Technologies AG (IFNNY) Dips More Than Broader Market: What You Should Know
The latest trading session saw Infineon Technologies AG (IFNNY - Free Report) ending at $30.88, denoting a -0.97% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.17%. Elsewhere, the Dow lost 0.58%, while the tech-heavy Nasdaq added 0.27%.
The the stock of company has fallen by 6.42% in the past month, lagging the Computer and Technology sector's loss of 2.16% and the S&P 500's loss of 3.95%.
Investors will be eagerly watching for the performance of Infineon Technologies AG in its upcoming earnings disclosure. On that day, Infineon Technologies AG is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 7.94%.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Infineon Technologies AG. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.81% lower. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Infineon Technologies AG is currently exchanging hands at a Forward P/E ratio of 11.46. This indicates a discount in contrast to its industry's Forward P/E of 25.23.
Also, we should mention that IFNNY has a PEG ratio of 0.78. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. IFNNY's industry had an average PEG ratio of 4.12 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.