Intel (INTC - Free Report) closed the most recent trading day at $48.07, moving +1.31% from the previous trading session. This change outpaced the S&P 500's 0.33% gain on the day. At the same time, the Dow added 0.44%, and the tech-heavy Nasdaq gained 0.01%.
Prior to today's trading, shares of the world's largest chipmaker had gained 4.52% over the past month. This has outpaced the Computer and Technology sector's loss of 1.56% and the S&P 500's gain of 0.89% 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. The company is expected to report EPS of $1.22, up 12.96% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.01 billion, up 11.48% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.53 per share and revenue of $71.20 billion, which would represent changes of +30.92% and +13.45%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. INTC is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, INTC is currently trading at a Forward P/E ratio of 10.48. This represents a discount compared to its industry's average Forward P/E of 12.27.
We can also see that INTC currently has a PEG ratio of 1.24. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. INTC's industry had an average PEG ratio of 1.82 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 32% 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.