Xilinx (XLNX - Free Report) closed the most recent trading day at $129.90, moving +0.64% from the previous trading session. This change outpaced the S&P 500's 0.11% gain on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the computer chipmaker had gained 7.65% in the past month. In that same time, the Computer and Technology sector gained 5.46%, while the S&P 500 gained 3.84%.
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.
Any recent changes to analyst estimates for XLNX should also be noted by investors. 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. 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 has moved 0.72% higher. XLNX is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, XLNX is currently trading at a Forward P/E ratio of 33.25. This represents a no noticeable deviation compared to its industry's average Forward P/E of 33.25.
Also, we should mention that XLNX has a PEG ratio of 2.77. 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. XLNX's industry had an average PEG ratio of 2.77 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 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.