Skyworks Solutions (SWKS - Free Report) closed at $68.27 in the latest trading session, marking a -0.39% move from the prior day. This change lagged the S&P 500's daily gain of 0.21%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.27%.
Coming into today, shares of the chipmaker had lost 22.54% in the past month. In that same time, the Computer and Technology sector lost 8.68%, while the S&P 500 lost 5.26%.
SWKS will be looking to display strength as it nears its next earnings release. In that report, analysts expect SWKS to post earnings of $1.50 per share. This would mark a year-over-year decline of 8.54%. Meanwhile, our latest consensus estimate is calling for revenue of $825.46 million, down 7.7% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $6.62 per share and revenue of $3.57 billion, which would represent changes of -8.31% and -7.82%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for SWKS. These revisions help to show the ever-changing nature of near-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection has moved 1.74% higher. SWKS is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, SWKS currently has a Forward P/E ratio of 10.35. This valuation marks a discount compared to its industry's average Forward P/E of 11.37.
It is also worth noting that SWKS currently has a PEG ratio of 0.91. 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. SWKS's industry had an average PEG ratio of 1 as of yesterday's close.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 246, putting it in the bottom 4% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.