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Intel (INTC) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Intel (INTC - Free Report) closed at $132.48, marking a -6% move from the previous day. This move lagged the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Coming into today, shares of the world's largest chipmaker had gained 17.61% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 0.08%.
The upcoming earnings release of Intel will be of great interest to investors. In that report, analysts expect Intel to post earnings of $0.21 per share. This would mark year-over-year growth of 310%. In the meantime, our current consensus estimate forecasts the revenue to be $14.39 billion, indicating a 11.9% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.06 per share and a revenue of $58.07 billion, representing changes of +152.38% and +9.87%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Currently, Intel is carrying a Zacks Rank of #3 (Hold).
Investors should also note Intel's current valuation metrics, including its Forward P/E ratio of 133.59. Its industry sports an average Forward P/E of 68.59, so one might conclude that Intel is trading at a premium comparatively.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.
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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Intel (INTC) Dips More Than Broader Market: What You Should Know
In the latest trading session, Intel (INTC - Free Report) closed at $132.48, marking a -6% move from the previous day. This move lagged the S&P 500's daily loss of 1.44%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 2.22%.
Coming into today, shares of the world's largest chipmaker had gained 17.61% in the past month. In that same time, the Computer and Technology sector gained 0.98%, while the S&P 500 gained 0.08%.
The upcoming earnings release of Intel will be of great interest to investors. In that report, analysts expect Intel to post earnings of $0.21 per share. This would mark year-over-year growth of 310%. In the meantime, our current consensus estimate forecasts the revenue to be $14.39 billion, indicating a 11.9% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.06 per share and a revenue of $58.07 billion, representing changes of +152.38% and +9.87%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Intel. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Currently, Intel is carrying a Zacks Rank of #3 (Hold).
Investors should also note Intel's current valuation metrics, including its Forward P/E ratio of 133.59. Its industry sports an average Forward P/E of 68.59, so one might conclude that Intel is trading at a premium comparatively.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 46, this industry ranks in the top 19% of all industries, numbering over 250.
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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.