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Intel (INTC) Beats Stock Market Upswing: What Investors Need to Know

In the latest market close, Intel (INTC) reached $43.82, with a +1.79% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.8%. Meanwhile, the Dow gained 0.23%, and the Nasdaq, a tech-heavy index, added 1.14%.

Shares of the world's largest chipmaker witnessed a loss of 0.71% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.97% and the S&P 500's gain of 5.2%.

Investors will be eagerly watching for the performance of Intel in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.13, showcasing a 425% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $12.76 billion, reflecting an 8.92% rise from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $1.32 per share and revenue of $57.78 billion, which would represent changes of +25.71% and +6.56%, respectively, from the prior year.

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Investors might also notice recent changes to analyst estimates for Intel. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 4.46% lower. Currently, Intel is carrying a Zacks Rank of #3 (Hold).

In terms of valuation, Intel is presently being traded at a Forward P/E ratio of 32.54. For comparison, its industry has an average Forward P/E of 30.43, which means Intel is trading at a premium to the group.

We can additionally observe that INTC currently boasts a PEG ratio of 2.17. 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. By the end of yesterday's trading, the Semiconductor - General industry had an average PEG ratio of 2.58.

The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 99, which puts it in the top 40% 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

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Intel Corporation (INTC) : Free Stock Analysis Report

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