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Intel (INTC) Stock Dips While Market Gains: Key Facts
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Intel (INTC - Free Report) closed the most recent trading day at $114.65, moving -5.16% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.22%. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.21%.
Shares of the world's largest chipmaker have appreciated by 27.95% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.95%, and the S&P 500's gain of 6.04%.
The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. The company is forecasted to report an EPS of $0.21, showcasing a 310% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $14.39 billion, up 11.9% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.05 per share and a revenue of $57.75 billion, signifying shifts of +150% and +9.26%, respectively, from the last year.
Any recent changes to analyst estimates for Intel should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.22% higher within the past month. Intel currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Intel is holding a Forward P/E ratio of 114.77. This valuation marks a premium compared to its industry average Forward P/E of 63.72.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 35, putting it in the top 15% 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.
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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Intel (INTC) Stock Dips While Market Gains: Key Facts
Intel (INTC - Free Report) closed the most recent trading day at $114.65, moving -5.16% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.22%. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.21%.
Shares of the world's largest chipmaker have appreciated by 27.95% over the course of the past month, outperforming the Computer and Technology sector's gain of 11.95%, and the S&P 500's gain of 6.04%.
The investment community will be closely monitoring the performance of Intel in its forthcoming earnings report. The company is forecasted to report an EPS of $0.21, showcasing a 310% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $14.39 billion, up 11.9% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.05 per share and a revenue of $57.75 billion, signifying shifts of +150% and +9.26%, respectively, from the last year.
Any recent changes to analyst estimates for Intel should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.22% higher within the past month. Intel currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Intel is holding a Forward P/E ratio of 114.77. This valuation marks a premium compared to its industry average Forward P/E of 63.72.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 35, putting it in the top 15% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.