Intel (INTC - Free Report) closed the most recent trading day at $57.66, moving -0.67% from the previous trading session. This change was narrower than the S&P 500's 0.86% loss on the day. Elsewhere, the Dow lost 0.96%, while the tech-heavy Nasdaq lost 1.13%.
Heading into today, shares of the world's largest chipmaker had gained 2.69% over the past month, lagging the Computer and Technology sector's gain of 4.5% and the S&P 500's gain of 3.66% in that time.
Investors will be hoping for strength from INTC as it approaches its next earnings release. On that day, INTC is projected to report earnings of $1.25 per share, which would represent a year-over-year decline of 2.34%. Our most recent consensus estimate is calling for quarterly revenue of $19.20 billion, up 2.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.61 per share and revenue of $70.96 billion. These totals would mark changes of +0.66% and +0.16%, respectively, from last year.
It is also important to note the 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% higher. INTC is currently a Zacks Rank #2 (Buy).
In terms of valuation, INTC is currently trading at a Forward P/E ratio of 12.59. This represents a discount compared to its industry's average Forward P/E of 22.58.
Also, we should mention that INTC has a PEG ratio of 1.68. 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 was holding an average PEG ratio of 2 at yesterday's closing price.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.