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Dell Technologies (DELL) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest close session, Dell Technologies (DELL - Free Report) was down 6.8% at $473.39. This change lagged the S&P 500's 0.33% gain on the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The computer and technology services provider's stock has dropped by 9.83% in the past month, falling short of the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Dell Technologies in its upcoming release. 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%. Our most recent consensus estimate is calling for quarterly revenue of $50.63 billion, up 87.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $26.09 per share and a revenue of $195.68 billion, indicating changes of +153.3% and +72.35%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. Dell Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 19.47. Its industry sports an average Forward P/E of 19.47, so one might conclude that Dell Technologies is trading at no noticeable deviation comparatively.
One should further note that DELL currently holds a PEG ratio of 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 1.58 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 16, positioning it in the top 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Dell Technologies (DELL) Stock Drops Despite Market Gains: Important Facts to Note
In the latest close session, Dell Technologies (DELL - Free Report) was down 6.8% at $473.39. This change lagged the S&P 500's 0.33% gain on the day. Meanwhile, the Dow experienced a rise of 1.08%, and the technology-dominated Nasdaq saw an increase of 0.08%.
The computer and technology services provider's stock has dropped by 9.83% in the past month, falling short of the Computer and Technology sector's gain of 1.62% and the S&P 500's gain of 1.41%.
Market participants will be closely following the financial results of Dell Technologies in its upcoming release. 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%. Our most recent consensus estimate is calling for quarterly revenue of $50.63 billion, up 87.47% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $26.09 per share and a revenue of $195.68 billion, indicating changes of +153.3% and +72.35%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Dell Technologies. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. Dell Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Dell Technologies is holding a Forward P/E ratio of 19.47. Its industry sports an average Forward P/E of 19.47, so one might conclude that Dell Technologies is trading at no noticeable deviation comparatively.
One should further note that DELL currently holds a PEG ratio of 0.51. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Micro Computers stocks are, on average, holding a PEG ratio of 1.58 based on yesterday's closing prices.
The Computer - Micro Computers industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 16, positioning it in the top 7% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.