Intel (INTC - Free Report) closed the most recent trading day at $44.93, making no change from the previous trading session. The stock lagged the S&P 500's daily gain of 0.04%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.23%.
Heading into today, shares of the world's largest chipmaker had lost 6.63% over the past month, lagging the Computer and Technology sector's gain of 1.5% and the S&P 500's gain of 2.16% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be October 25, 2018. On that day, INTC is projected to report earnings of $1.15 per share, which would represent 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.
Any recent changes to analyst estimates for INTC should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0% higher. INTC is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note INTC's current valuation metrics, including its Forward P/E ratio of 10.82. This represents a discount compared to its industry's average Forward P/E of 12.12.
Investors should also note that INTC has a PEG ratio of 1.29 right now. 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. Semiconductor - General stocks are, on average, holding a PEG ratio of 1.63 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.