Dell Technologies (DELL - Free Report) closed at $67.10 in the latest trading session, marking a -0.58% move from the prior day. This change lagged the S&P 500's 0.16% loss on the day. Elsewhere, the Dow gained 0.01%, while the tech-heavy Nasdaq lost 0.26%.
Prior to today's trading, shares of the computer and technology services provider had gained 9.33% over the past month. This has outpaced the Computer and Technology sector's loss of 0.03% and the S&P 500's loss of 0.19% in that time.
Wall Street will be looking for positivity from DELL as it approaches its next earnings report date. This is expected to be May 30, 2019. On that day, DELL is projected to report earnings of $1.16 per share, which would represent a year-over-year decline of 6.45%. Meanwhile, our latest consensus estimate is calling for revenue of $22.50 billion, up 5.35% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for DELL. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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. The Zacks Consensus EPS estimate remained stagnant within the past month. DELL is currently a Zacks Rank #3 (Hold).
Looking at its valuation, DELL is holding a Forward P/E ratio of 10.81. This represents a discount compared to its industry's average Forward P/E of 18.92.
Also, we should mention that DELL has a PEG ratio of 0.9. 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. DELL's industry had an average PEG ratio of 1.63 as of yesterday's close.
The Computers - IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 41, which puts it in the top 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.