In the latest trading session, Intel (INTC - Free Report) closed at $55.67, marking a +0.12% move from the previous day. This change outpaced the S&P 500's 0.11% gain on the day. Elsewhere, the Dow lost 0.32%, while the tech-heavy Nasdaq added 0.19%.
Heading into today, shares of the world's largest chipmaker had gained 5.7% over the past month, outpacing the Computer and Technology sector's gain of 5.46% and the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release, which is expected to be April 25, 2019. On that day, INTC is projected to report earnings of $0.87 per share, which would represent no growth from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.01 billion, down 0.33% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $4.50 per share and revenue of $70.71 billion. These results would represent year-over-year changes of -1.75% and -0.19%, respectively.
It is also important to note the recent changes to analyst estimates for INTC. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. INTC currently has a Zacks Rank of #2 (Buy).
Digging into valuation, INTC currently has a Forward P/E ratio of 12.37. This represents a discount compared to its industry's average Forward P/E of 18.46.
Investors should also note that INTC has a PEG ratio of 1.47 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. INTC's industry had an average PEG ratio of 2.15 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.