In the latest trading session, Intel (INTC - Free Report) closed at $47.72, marking a -0.56% move from the previous day. The stock lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, lost 1.19%.
Heading into today, shares of the world's largest chipmaker had lost 3.5% over the past month, lagging the Computer and Technology sector's gain of 2.84% and the S&P 500's gain of 2.24% in that time.
Wall Street will be looking for positivity from INTC as it approaches its next earnings report date. This is expected to be October 25, 2018. In that report, analysts expect INTC to post earnings of $1.15 per share. This would mark year-over-year growth of 13.86%. Meanwhile, our latest consensus estimate is calling for revenue of $18.10 billion, up 12.1% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.15 per share and revenue of $69.50 billion. These totals would mark changes of +19.94% and +10.73%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for INTC. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. INTC currently has a Zacks Rank of #3 (Hold).
Digging into valuation, INTC currently has a Forward P/E ratio of 11.55. This represents a discount compared to its industry's average Forward P/E of 12.36.
Also, we should mention that INTC has a PEG ratio of 1.37. 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. The Semiconductor - General was holding an average PEG ratio of 1.73 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 84, which puts it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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.