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Dell Technologies (DELL) Outpaces Stock Market Gains: What You Should Know
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In the latest close session, Dell Technologies (DELL - Free Report) was up +2.24% at $587.40. The stock outperformed the S&P 500, which registered a daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.
Shares of the computer and technology services provider have appreciated by 13.41% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.03%, and the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Dell Technologies in its upcoming earnings disclosure. In that report, analysts expect Dell Technologies to post earnings of $6.63 per share. This would mark year-over-year growth of 155.98%. At the same time, our most recent consensus estimate is projecting a revenue of $50.63 billion, reflecting a 87.47% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $26.09 per share and revenue of $195.68 billion, which would represent changes of +153.3% and +72.35%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dell Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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. The Zacks Consensus EPS estimate has moved 0.13% higher within the past month. Right now, Dell Technologies possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Dell Technologies is at present trading with a Forward P/E ratio of 22.02. This denotes no noticeable deviation relative to the industry average Forward P/E of 22.02.
Also, we should mention that DELL has a PEG ratio of 0.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Computer - Micro Computers industry stood at 1.69 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Dell Technologies (DELL) Outpaces Stock Market Gains: What You Should Know
In the latest close session, Dell Technologies (DELL - Free Report) was up +2.24% at $587.40. The stock outperformed the S&P 500, which registered a daily gain of 0.6%. Elsewhere, the Dow gained 0.83%, while the tech-heavy Nasdaq added 0.64%.
Shares of the computer and technology services provider have appreciated by 13.41% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.03%, and the S&P 500's gain of 1.34%.
Investors will be eagerly watching for the performance of Dell Technologies in its upcoming earnings disclosure. In that report, analysts expect Dell Technologies to post earnings of $6.63 per share. This would mark year-over-year growth of 155.98%. At the same time, our most recent consensus estimate is projecting a revenue of $50.63 billion, reflecting a 87.47% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $26.09 per share and revenue of $195.68 billion, which would represent changes of +153.3% and +72.35%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Dell Technologies. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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. The Zacks Consensus EPS estimate has moved 0.13% higher within the past month. Right now, Dell Technologies possesses a Zacks Rank of #1 (Strong Buy).
In the context of valuation, Dell Technologies is at present trading with a Forward P/E ratio of 22.02. This denotes no noticeable deviation relative to the industry average Forward P/E of 22.02.
Also, we should mention that DELL has a PEG ratio of 0.57. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The average PEG ratio for the Computer - Micro Computers industry stood at 1.69 at the close of the market yesterday.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.