Intel (INTC) closed the most recent trading day at $47.09, moving -0.59% from the previous trading session. This change lagged the S&P 500's 0.3% gain on the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.42%.
Heading into today, shares of the world's largest chipmaker had gained 6.55% over the past month, outpacing the Computer and Technology sector's gain of 0.55% and the S&P 500's gain of 2.2% in that time.
INTC will be looking to display strength as it nears its next earnings release. On that day, INTC is projected to report earnings of $0.88 per share, which would represent a year-over-year decline of 15.38%. Meanwhile, our latest consensus estimate is calling for revenue of $15.60 billion, down 8.02% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.24 per share and revenue of $68.62 billion. These totals would mark changes of -7.42% and -3.14%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for INTC. These revisions help to show the ever-changing nature of 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. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.53% lower. INTC is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, INTC is holding a Forward P/E ratio of 11.17. This represents a discount compared to its industry's average Forward P/E of 18.37.
It is also worth noting that INTC currently has a PEG ratio of 1.49. 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. Semiconductor - General stocks are, on average, holding a PEG ratio of 2.25 based on yesterday's closing prices.
The Semiconductor - General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 81, putting it in the top 32% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC) : Free Stock Analysis Report
To read this article on Zacks.com click here.