In the latest trading session, Intel (INTC - Free Report) closed at $46.45, marking a -1.79% move from the previous day. This change lagged the S&P 500's 0.36% gain on the day. Elsewhere, the Dow gained 0.73%, while the tech-heavy Nasdaq lost 0.11%.
Heading into today, shares of the world's largest chipmaker had lost 1.97% over the past month, lagging the Computer and Technology sector's loss of 0.17% and the S&P 500's gain of 0.73% in that time.
INTC will be looking to display strength as it nears 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, the Zacks Consensus Estimate for revenue is projecting net sales of $18.10 billion, up 12.1% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.15 per share and revenue of $69.49 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. 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. 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.
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 0.02% lower. INTC is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that INTC has a Forward P/E ratio of 11.39 right now. Its industry sports an average Forward P/E of 12.3, so we one might conclude that INTC is trading at a discount comparatively.
Investors should also note that INTC has a PEG ratio of 1.35 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. INTC's industry had an average PEG ratio of 1.68 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 239, which puts it in the bottom 6% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.