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Intel (INTC) Stock Sinks As Market Gains: What You Should Know
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Intel (INTC - Free Report) closed the most recent trading day at $116.19, moving -2.63% from the previous trading session. This move lagged the S&P 500's daily gain of 0.66%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Shares of the world's largest chipmaker have appreciated by 24.56% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
The upcoming earnings release of Intel will be of great interest to investors. The company is predicted to post an EPS of $0.38, indicating a 65.22% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $16.36 billion, indicating a 19.82% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.5 per share and revenue of $62.27 billion, indicating changes of +257.14% and +17.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intel. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.09% increase. Intel currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Intel is currently exchanging hands at a Forward P/E ratio of 79.58. This valuation marks a premium compared to its industry average Forward P/E of 33.28.
We can also see that INTC currently has a PEG ratio of 8.84. 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. Semiconductor - General stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
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Intel (INTC) Stock Sinks As Market Gains: What You Should Know
Intel (INTC - Free Report) closed the most recent trading day at $116.19, moving -2.63% from the previous trading session. This move lagged the S&P 500's daily gain of 0.66%. Meanwhile, the Dow experienced a rise of 0.18%, and the technology-dominated Nasdaq saw an increase of 1.05%.
Shares of the world's largest chipmaker have appreciated by 24.56% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.36%, and the S&P 500's gain of 0.55%.
The upcoming earnings release of Intel will be of great interest to investors. The company is predicted to post an EPS of $0.38, indicating a 65.22% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $16.36 billion, indicating a 19.82% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.5 per share and revenue of $62.27 billion, indicating changes of +257.14% and +17.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Intel. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.09% increase. Intel currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Intel is currently exchanging hands at a Forward P/E ratio of 79.58. This valuation marks a premium compared to its industry average Forward P/E of 33.28.
We can also see that INTC currently has a PEG ratio of 8.84. 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. Semiconductor - General stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 24, this industry ranks in the top 10% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.