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Intel (INTC) Exceeds Market Returns: Some Facts to Consider
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Intel (INTC - Free Report) closed the most recent trading day at $41.41, moving +2.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.19%. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq added 0.31%.
Shares of the world's largest chipmaker have appreciated by 8.75% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.64%, and the S&P 500's gain of 1.33%.
Market participants will be closely following the financial results of Intel in its upcoming release. The company's upcoming EPS is projected at $0.08, signifying a 38.46% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $13.38 billion, showing a 6.2% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.32 per share and a revenue of $52.4 billion, indicating changes of +346.15% and -1.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.43% higher. Intel currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Intel is holding a Forward P/E ratio of 125.1. This signifies a premium in comparison to the average Forward P/E of 41.95 for its industry.
We can also see that INTC currently has a PEG ratio of 13.48. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Semiconductor - General industry had an average PEG ratio of 4.49.
The Semiconductor - General industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 34, placing it within the top 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Intel (INTC) Exceeds Market Returns: Some Facts to Consider
Intel (INTC - Free Report) closed the most recent trading day at $41.41, moving +2.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.19%. Elsewhere, the Dow gained 0.22%, while the tech-heavy Nasdaq added 0.31%.
Shares of the world's largest chipmaker have appreciated by 8.75% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.64%, and the S&P 500's gain of 1.33%.
Market participants will be closely following the financial results of Intel in its upcoming release. The company's upcoming EPS is projected at $0.08, signifying a 38.46% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $13.38 billion, showing a 6.2% drop compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.32 per share and a revenue of $52.4 billion, indicating changes of +346.15% and -1.32%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 11.43% higher. Intel currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Intel is holding a Forward P/E ratio of 125.1. This signifies a premium in comparison to the average Forward P/E of 41.95 for its industry.
We can also see that INTC currently has a PEG ratio of 13.48. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Semiconductor - General industry had an average PEG ratio of 4.49.
The Semiconductor - General industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 34, placing it within the top 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.