Lattice Semiconductor (LSCC - Free Report) closed at $18.09 in the latest trading session, marking a +0.44% move from the prior day. This move outpaced the S&P 500's daily gain of 0.19%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.81%.
Coming into today, shares of the chipmaker had lost 9.36% in the past month. In that same time, the Computer and Technology sector gained 0.15%, while the S&P 500 gained 0.56%.
LSCC will be looking to display strength as it nears its next earnings release, which is expected to be October 29, 2019. In that report, analysts expect LSCC to post earnings of $0.15 per share. This would mark year-over-year growth of 36.36%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $103 million, up 1.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.57 per share and revenue of $407.89 million. These totals would mark changes of +72.73% and +2.28%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for LSCC. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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.
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 remained stagnant. LSCC currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, LSCC is holding a Forward P/E ratio of 31.74. For comparison, its industry has an average Forward P/E of 20.28, which means LSCC is trading at a premium to the group.
We can also see that LSCC currently has a PEG ratio of 2.54. 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. The Electronics - Semiconductors was holding an average PEG ratio of 2.11 at yesterday's closing price.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 33% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.