Intel (INTC - Free Report) closed at $46.33 in the latest trading session, marking a -1.11% move from the prior day. This change lagged the S&P 500's daily loss of 0.2%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.38%.
Prior to today's trading, shares of the world's largest chipmaker had gained 3.72% over the past month. This has outpaced the Computer and Technology sector's loss of 1.9% and the S&P 500's gain of 0.33% in that time.
INTC will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.88, down 15.38% from the prior-year quarter. 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 $4.25 per share and revenue of $68.62 billion. These results would represent year-over-year changes of -7.21% and -3.14%, respectively.
Investors should also note any recent changes to analyst estimates for INTC. These recent revisions tend to reflect the evolving nature of short-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. 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 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. The Zacks Consensus EPS estimate has moved 0.44% lower within the past month. INTC is currently a Zacks Rank #3 (Hold).
In terms of valuation, INTC is currently trading at a Forward P/E ratio of 11.04. Its industry sports an average Forward P/E of 18.82, so we one might conclude that INTC is trading at a discount comparatively.
Meanwhile, INTC's PEG ratio is currently 1.47. 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 Semiconductor - General industry currently had an average PEG ratio of 2.27 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 77, putting it in the top 31% 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.