Dell Technologies (DELL - Free Report) closed the most recent trading day at $53.97, moving +0.69% from the previous trading session. This change outpaced the S&P 500's 0.3% gain on the day. Meanwhile, the Dow gained 0.46%, and the Nasdaq, a tech-heavy index, added 0.08%.
Prior to today's trading, shares of the computer and technology services provider had gained 24.62% over the past month. This has outpaced the Computer and Technology sector's gain of 7.64% and the S&P 500's gain of 5.93% in that time.
Investors will be hoping for strength from DELL as it approaches its next earnings release, which 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. 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. 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 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. The Zacks Consensus EPS estimate has moved 0.05% higher within the past month. DELL currently has a Zacks Rank of #2 (Buy).
Digging into valuation, DELL currently has a Forward P/E ratio of 7.73. This represents a discount compared to its industry's average Forward P/E of 22.28.
We can also see that DELL currently has a PEG ratio of 0.64. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Computers - IT Services stocks are, on average, holding a PEG ratio of 1.51 based on yesterday's closing prices.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 25, which puts it in the top 10% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.