Cypress Semiconductor (CY - Free Report) closed at $14.38 in the latest trading session, marking a -1.3% move from the prior day. The stock lagged the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.4%, while the tech-heavy Nasdaq lost 0.21%.
Heading into today, shares of the chipmaker had lost 14.45% over the past month, lagging the Computer and Technology sector's gain of 0.6% and the S&P 500's gain of 1.6% in that time.
Wall Street will be looking for positivity from CY as it approaches its next earnings report date. This is expected to be October 25, 2018. The company is expected to report EPS of $0.38, up 40.74% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $669.62 million, up 10.76% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.34 per share and revenue of $2.53 billion, which would represent changes of +50.56% and +8.5%, respectively, from the prior year.
Any recent changes to analyst estimates for CY should also be noted by investors. Recent revisions tend to reflect the latest 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. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. CY is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, CY currently has a Forward P/E ratio of 10.89. This valuation marks a discount compared to its industry's average Forward P/E of 14.82.
Investors should also note that CY has a PEG ratio of 0.68 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. The Semiconductor - Communications was holding an average PEG ratio of 1.53 at yesterday's closing price.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 113, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.