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Intel (INTC) Beats Stock Market Upswing: What Investors Need to Know
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Intel (INTC - Free Report) closed at $127.86 in the latest trading session, marking a +2.64% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
Shares of the world's largest chipmaker witnessed a gain of 14.53% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.
The upcoming earnings release of Intel will be of great interest to investors. The company is forecasted to report an EPS of $0.21, showcasing a 310% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.39 billion, up 11.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.06 per share and revenue of $57.79 billion, which would represent changes of +152.38% and +9.34%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% higher. Intel is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Intel is at present trading with a Forward P/E ratio of 118.08. For comparison, its industry has an average Forward P/E of 66.35, which means Intel is trading at a premium to the group.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% of all 250+ industries.
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.
View the Zacks #1 Rank List
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Intel (INTC) Beats Stock Market Upswing: What Investors Need to Know
Intel (INTC - Free Report) closed at $127.86 in the latest trading session, marking a +2.64% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 1.65%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 3.07%.
Shares of the world's largest chipmaker witnessed a gain of 14.53% over the previous month, beating the performance of the Computer and Technology sector with its gain of 0.33%, and the S&P 500's gain of 0.48%.
The upcoming earnings release of Intel will be of great interest to investors. The company is forecasted to report an EPS of $0.21, showcasing a 310% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $14.39 billion, up 11.9% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $1.06 per share and revenue of $57.79 billion, which would represent changes of +152.38% and +9.34%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% higher. Intel is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Intel is at present trading with a Forward P/E ratio of 118.08. For comparison, its industry has an average Forward P/E of 66.35, which means Intel is trading at a premium to the group.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 20% of all 250+ industries.
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.