Cypress Semiconductor (CY - Free Report) closed at $13.64 in the latest trading session, marking a -0.8% move from the prior day. This move lagged the S&P 500's daily loss of 0.04%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.67%.
Heading into today, shares of the chipmaker had lost 15.56% over the past month, lagging the Computer and Technology sector's loss of 1.53% and the S&P 500's gain of 0.02% in that time.
CY will be looking to display strength as it nears its next earnings release, which is expected to be October 25, 2018. On that day, CY is projected to report earnings of $0.38 per share, which would represent year-over-year growth of 40.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $669.62 million, up 10.76% from the year-ago period.
CY's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $2.52 billion. These results would represent year-over-year changes of +49.44% and +8.37%, respectively.
Investors should also note any recent changes to analyst estimates for CY. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.94% lower. CY currently has a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that CY has a Forward P/E ratio of 10.3 right now. This valuation marks a discount compared to its industry's average Forward P/E of 14.47.
Meanwhile, CY's PEG ratio is currently 0.66. 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 - Communications stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 11% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.