Skyworks Solutions (SWKS - Free Report) closed the most recent trading day at $81.39, moving -0.46% from the previous trading session. This change lagged the S&P 500's daily loss of 0.09%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.16%.
Coming into today, shares of the chipmaker had lost 1.46% in the past month. In that same time, the Computer and Technology sector gained 4.21%, while the S&P 500 gained 2.35%.
Wall Street will be looking for positivity from SWKS as it approaches its next earnings report date. In that report, analysts expect SWKS to post earnings of $1.43 per share. This would mark a year-over-year decline of 12.8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $810.56 million, down 11.26% from the year-ago period.
SWKS's full-year Zacks Consensus Estimates are calling for earnings of $6.55 per share and revenue of $3.60 billion. These results would represent year-over-year changes of -9.28% and -6.94%, respectively.
Investors should also note any recent changes to analyst estimates for SWKS. 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. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. SWKS is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that SWKS has a Forward P/E ratio of 12.49 right now. This valuation marks a premium compared to its industry's average Forward P/E of 12.4.
Investors should also note that SWKS has a PEG ratio of 1.14 right now. 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. Semiconductors - Radio Frequency stocks are, on average, holding a PEG ratio of 1.14 based on yesterday's closing prices.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 24% 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.