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Here's Why Dell Technologies (DELL) Fell More Than Broader Market
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Dell Technologies (DELL - Free Report) ended the recent trading session at $381.88, demonstrating a -3.65% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the computer and technology services provider had lost 3.21% over the past month, outpacing the Computer and Technology sector's loss of 4.32% and lagging the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Dell Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.89, showcasing a 110.78% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $46.48 billion, indicating a 56.1% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.8 per share and a revenue of $174.48 billion, indicating changes of +82.52% and +53.68%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.93% rise in the Zacks Consensus EPS estimate. Dell Technologies currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 21.08. This expresses no noticeable deviation compared to the average Forward P/E of 21.08 of its industry.
It is also worth noting that DELL currently has a PEG ratio of 0.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 2.9 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 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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Here's Why Dell Technologies (DELL) Fell More Than Broader Market
Dell Technologies (DELL - Free Report) ended the recent trading session at $381.88, demonstrating a -3.65% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.19%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq lost 0.05%.
Heading into today, shares of the computer and technology services provider had lost 3.21% over the past month, outpacing the Computer and Technology sector's loss of 4.32% and lagging the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Dell Technologies in its upcoming earnings disclosure. The company is forecasted to report an EPS of $4.89, showcasing a 110.78% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $46.48 billion, indicating a 56.1% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.8 per share and a revenue of $174.48 billion, indicating changes of +82.52% and +53.68%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape 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 shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.93% rise in the Zacks Consensus EPS estimate. Dell Technologies currently has a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Dell Technologies is currently exchanging hands at a Forward P/E ratio of 21.08. This expresses no noticeable deviation compared to the average Forward P/E of 21.08 of its industry.
It is also worth noting that DELL currently has a PEG ratio of 0.8. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 2.9 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% of over 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.