Xilinx (XLNX - Free Report) closed at $105.45 in the latest trading session, marking a +1.74% move from the prior day. This change outpaced the S&P 500's 0.21% gain on the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.27%.
Prior to today's trading, shares of the computer chipmaker had lost 11.14% over the past month. This has lagged the Computer and Technology sector's loss of 8.68% and the S&P 500's loss of 5.26% in that time.
Wall Street will be looking for positivity from XLNX as it approaches its next earnings report date. The company is expected to report EPS of $0.95, up 28.38% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $850.54 million, up 24.28% from the prior-year quarter.
XLNX's full-year Zacks Consensus Estimates are calling for earnings of $3.96 per share and revenue of $3.52 billion. These results would represent year-over-year changes of +13.79% and +14.97%, respectively.
It is also important to note the recent changes to analyst estimates for XLNX. 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.
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 2.38% higher. XLNX is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, XLNX is currently trading at a Forward P/E ratio of 26.17. Its industry sports an average Forward P/E of 26.17, so we one might conclude that XLNX is trading at a no noticeable deviation comparatively.
We can also see that XLNX currently has a PEG ratio of 2.18. 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. The Semiconductors - Programmable Logic industry currently had an average PEG ratio of 2.18 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 1, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.