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Xilinx (XLNX) Outpaces Stock Market Gains: What You Should Know

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Xilinx closed at $117.34 in the latest trading session, marking a +1.22% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.12%. Meanwhile, the Dow lost 0.08%, and the Nasdaq, a tech-heavy index, added 0.54%.

Coming into today, shares of the computer chipmaker had gained 4.55% in the past month. In that same time, the Computer and Technology sector gained 5.12%, while the S&P 500 gained 3.68%.

XLNX will be looking to display strength as it nears its next earnings release, which is expected to be July 24, 2019. In that report, analysts expect XLNX to post earnings of $0.94 per share. This would mark year-over-year growth of 27.03%. 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 $3.91 per share and revenue of $3.50 billion. These results would represent year-over-year changes of +12.36% and +14.54%, respectively.

Investors might also notice recent changes to analyst estimates for XLNX. 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, 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 has moved 1.39% lower within the past month. XLNX is currently a Zacks Rank #3 (Hold).

Digging into valuation, XLNX currently has a Forward P/E ratio of 29.69. Its industry sports an average Forward P/E of 29.69, so we one might conclude that XLNX is trading at a no noticeable deviation comparatively.

Meanwhile, XLNX's PEG ratio is currently 2.47. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Semiconductors - Programmable Logic industry currently had an average PEG ratio of 2.47 as of yesterday's close.

The Semiconductors - Programmable Logic industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 114, which puts it in the top 45% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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