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Dell Technologies (DELL) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Dell Technologies (DELL - Free Report) was down 1.81% at $427.11. The stock's change was less than the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 1.55%.
Shares of the computer and technology services provider witnessed a gain of 9.96% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.44%, and the S&P 500's gain of 4.28%.
The upcoming earnings release of Dell Technologies will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.88, reflecting a 110.34% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $46.48 billion, showing a 56.1% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.77 per share and a revenue of $170.55 billion, indicating changes of +82.23% and +50.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.75% increase. Dell Technologies presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 23.17. This denotes no noticeable deviation relative to the industry average Forward P/E of 23.17.
One should further note that DELL currently holds a PEG ratio of 0.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Micro Computers industry had an average PEG ratio of 2.74 as trading concluded yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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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Dell Technologies (DELL) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Dell Technologies (DELL - Free Report) was down 1.81% at $427.11. The stock's change was less than the S&P 500's daily loss of 0.79%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 1.55%.
Shares of the computer and technology services provider witnessed a gain of 9.96% over the previous month, beating the performance of the Computer and Technology sector with its gain of 3.44%, and the S&P 500's gain of 4.28%.
The upcoming earnings release of Dell Technologies will be of great interest to investors. The company's earnings per share (EPS) are projected to be $4.88, reflecting a 110.34% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $46.48 billion, showing a 56.1% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.77 per share and a revenue of $170.55 billion, indicating changes of +82.23% and +50.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.75% increase. Dell Technologies presently features a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 23.17. This denotes no noticeable deviation relative to the industry average Forward P/E of 23.17.
One should further note that DELL currently holds a PEG ratio of 0.88. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Computer - Micro Computers industry had an average PEG ratio of 2.74 as trading concluded yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 17, which puts it in the top 7% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.