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Dell Technologies (DELL) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Dell Technologies (DELL - Free Report) was down 2.42% at $426.91. The stock's performance was behind the S&P 500's daily gain of 0.02%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Shares of the computer and technology services provider witnessed a gain of 9.51% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.21%, and the S&P 500's gain of 0.77%.
The investment community will be closely monitoring the performance of Dell Technologies in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $4.89, reflecting a 110.78% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $46.5 billion, indicating a 56.15% increase compared to the same quarter of the previous year.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $18.8 per share and revenue of $174.48 billion. These results would represent year-over-year changes of +82.52% and +53.68%, respectively.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% higher. Currently, Dell Technologies is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Dell Technologies is presently trading at a Forward P/E ratio of 23.27. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 23.27.
Meanwhile, DELL's PEG ratio is currently 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DELL's industry had an average PEG ratio of 2.88 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 21, placing it within the top 9% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Dell Technologies (DELL) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Dell Technologies (DELL - Free Report) was down 2.42% at $426.91. The stock's performance was behind the S&P 500's daily gain of 0.02%. At the same time, the Dow added 0.51%, and the tech-heavy Nasdaq lost 0.18%.
Shares of the computer and technology services provider witnessed a gain of 9.51% over the previous month, beating the performance of the Computer and Technology sector with its loss of 4.21%, and the S&P 500's gain of 0.77%.
The investment community will be closely monitoring the performance of Dell Technologies in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $4.89, reflecting a 110.78% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $46.5 billion, indicating a 56.15% increase compared to the same quarter of the previous year.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $18.8 per share and revenue of $174.48 billion. These results would represent year-over-year changes of +82.52% and +53.68%, respectively.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.18% higher. Currently, Dell Technologies is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Dell Technologies is presently trading at a Forward P/E ratio of 23.27. This indicates no noticeable deviation in contrast to its industry's Forward P/E of 23.27.
Meanwhile, DELL's PEG ratio is currently 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DELL's industry had an average PEG ratio of 2.88 as of yesterday's close.
The Computer - Micro Computers industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 21, placing it within the top 9% of over 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.