Intel (INTC - Free Report) closed the most recent trading day at $44.98, moving +0.97% from the previous trading session. The stock outpaced the S&P 500's daily gain of 0.61%. Meanwhile, the Dow gained 0.71%, and the Nasdaq, a tech-heavy index, added 0.53%.
Coming into today, shares of the world's largest chipmaker had lost 9.52% in the past month. In that same time, the Computer and Technology sector lost 8.25%, while the S&P 500 lost 3.77%.
Investors will be hoping for strength from INTC as it approaches its next earnings release. In that report, analysts expect INTC to post earnings of $0.89 per share. This would mark a year-over-year decline of 14.42%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.60 billion, down 8.02% from the year-ago period.
INTC's full-year Zacks Consensus Estimates are calling for earnings of $4.26 per share and revenue of $68.71 billion. These results would represent year-over-year changes of -6.99% and -3.02%, respectively.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.12% lower. INTC is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note INTC's current valuation metrics, including its Forward P/E ratio of 10.45. This valuation marks a discount compared to its industry's average Forward P/E of 21.13.
We can also see that INTC currently has a PEG ratio of 1.39. 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. INTC's industry had an average PEG ratio of 2.38 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 73, putting it in the top 29% 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.