Xilinx (XLNX - Free Report) closed the most recent trading day at $129.09, moving -0.49% from the previous trading session. This change lagged the S&P 500's 0% on the day. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq added 0.25%.
Heading into today, shares of the computer chipmaker had gained 5.63% over the past month, outpacing the Computer and Technology sector's gain of 3.92% and the S&P 500's gain of 2.36% in that time.
XLNX will be looking to display strength as it nears its next earnings release, which is expected to be April 24, 2019. In that report, analysts expect XLNX to post earnings of $0.94 per share. This would mark year-over-year growth of 46.88%. Meanwhile, our latest consensus estimate is calling for revenue of $825.59 million, up 22.7% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for XLNX. These recent revisions tend to reflect the evolving nature of short-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, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. XLNX currently has a Zacks Rank of #2 (Buy).
Looking at its valuation, XLNX is holding a Forward P/E ratio of 33.56. This represents a no noticeable deviation compared to its industry's average Forward P/E of 33.56.
We can also see that XLNX currently has a PEG ratio of 2.8. 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. XLNX's industry had an average PEG ratio of 2.8 as of yesterday's close.
The Semiconductors - Programmable Logic industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 2, putting it in the top 1% 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.