Intel (INTC - Free Report) closed the most recent trading day at $47.97, moving +1.83% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.56%. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the world's largest chipmaker had lost 2.12% over the past month. This has was narrower than the Computer and Technology sector's loss of 8.65% and the S&P 500's loss of 6.76% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be January 24, 2019. In that report, analysts expect INTC to post earnings of $1.22 per share. This would mark year-over-year growth of 12.96%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.01 billion, up 11.48% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.53 per share and revenue of $71.20 billion. These totals would mark changes of +30.92% and +13.45%, 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. Within the past 30 days, our consensus EPS projection has moved 9% higher. INTC is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, INTC is holding a Forward P/E ratio of 10.4. For comparison, its industry has an average Forward P/E of 11.48, which means INTC is trading at a discount to the group.
Meanwhile, INTC's PEG ratio is currently 1.24. 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 1.8 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 79, which puts it in the top 31% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.