Intel (INTC - Free Report) closed the most recent trading day at $56.28, moving -0.25% from the previous trading session. This change lagged the S&P 500's 0.06% loss on the day. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Prior to today's trading, shares of the world's largest chipmaker had gained 5.58% over the past month. This has outpaced the Computer and Technology sector's gain of 5.14% and the S&P 500's gain of 4.3% 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 $4.51 per share and revenue of $70.77 billion. These results would represent year-over-year changes of -1.53% and -0.11%, respectively.
Investors might also notice recent changes to analyst estimates for INTC. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.04% higher. INTC is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, INTC currently has a Forward P/E ratio of 12.52. For comparison, its industry has an average Forward P/E of 18.82, which means INTC is trading at a discount to the group.
Meanwhile, INTC's PEG ratio is currently 1.49. 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 2.22 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 179, putting it in the bottom 30% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.