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Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know
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Dell Technologies (DELL - Free Report) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Prior to today's trading, shares of the computer and technology services provider had gained 8.96% over the past month. This has lagged the Computer and Technology sector's gain of 10.66% and outpaced the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from DELL as it approaches its next earnings report date. This is expected to be February 28, 2019. In that report, analysts expect DELL to post earnings of $1.89 per share. This would mark a year-over-year decline of 20.92%. Our most recent consensus estimate is calling for quarterly revenue of $23.46 billion, up 6.96% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DELL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 0.05% higher. DELL currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, DELL currently has a Forward P/E ratio of 7.37. This represents a discount compared to its industry's average Forward P/E of 22.51.
We can also see that DELL currently has a PEG ratio of 0.61. 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 Computers - IT Services industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 27, putting it in the top 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.
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Dell Technologies (DELL) Dips More Than Broader Markets: What You Should Know
Dell Technologies (DELL - Free Report) closed at $50.94 in the latest trading session, marking a -0.25% move from the prior day. This move lagged the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, lost 0.36%.
Prior to today's trading, shares of the computer and technology services provider had gained 8.96% over the past month. This has lagged the Computer and Technology sector's gain of 10.66% and outpaced the S&P 500's gain of 8.17% in that time.
Wall Street will be looking for positivity from DELL as it approaches its next earnings report date. This is expected to be February 28, 2019. In that report, analysts expect DELL to post earnings of $1.89 per share. This would mark a year-over-year decline of 20.92%. Our most recent consensus estimate is calling for quarterly revenue of $23.46 billion, up 6.96% from the year-ago period.
It is also important to note the recent changes to analyst estimates for DELL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 has moved 0.05% higher. DELL currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, DELL currently has a Forward P/E ratio of 7.37. This represents a discount compared to its industry's average Forward P/E of 22.51.
We can also see that DELL currently has a PEG ratio of 0.61. 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 Computers - IT Services industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 27, putting it in the top 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.