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Intel (INTC) Advances While Market Declines: Some Information for Investors
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Intel (INTC - Free Report) ended the recent trading session at $106.23, demonstrating a +1.68% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The stock of world's largest chipmaker has risen by 6.92% in the past month, leading the Computer and Technology sector's gain of 0.4% and the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of Intel in its upcoming earnings disclosure. On that day, Intel is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 69.57%. Meanwhile, the latest consensus estimate predicts the revenue to be $16.36 billion, indicating a 19.85% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.5 per share and a revenue of $62.18 billion, demonstrating changes of +257.14% and +17.66%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.03% rise in the Zacks Consensus EPS estimate. Right now, Intel possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 69.85 right now. This signifies a premium in comparison to the average Forward P/E of 37.78 for its industry.
We can additionally observe that INTC currently boasts a PEG ratio of 7.76. 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. As of the close of trade yesterday, the Semiconductor - General industry held an average PEG ratio of 1.75.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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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Intel (INTC) Advances While Market Declines: Some Information for Investors
Intel (INTC - Free Report) ended the recent trading session at $106.23, demonstrating a +1.68% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily loss of 0.48%. Meanwhile, the Dow lost 0.77%, and the Nasdaq, a tech-heavy index, lost 0.64%.
The stock of world's largest chipmaker has risen by 6.92% in the past month, leading the Computer and Technology sector's gain of 0.4% and the S&P 500's loss of 0.97%.
Analysts and investors alike will be keeping a close eye on the performance of Intel in its upcoming earnings disclosure. On that day, Intel is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 69.57%. Meanwhile, the latest consensus estimate predicts the revenue to be $16.36 billion, indicating a 19.85% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.5 per share and a revenue of $62.18 billion, demonstrating changes of +257.14% and +17.66%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Intel. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 3.03% rise in the Zacks Consensus EPS estimate. Right now, Intel possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 69.85 right now. This signifies a premium in comparison to the average Forward P/E of 37.78 for its industry.
We can additionally observe that INTC currently boasts a PEG ratio of 7.76. 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. As of the close of trade yesterday, the Semiconductor - General industry held an average PEG ratio of 1.75.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.