Yahoo Finance Intel (INTC) Outpaces Stock Market Gains: What You Should Know
Intel (INTC) closed at $31.82 in the latest trading session, marking a +1.73% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.62%. Elsewhere, the Dow gained 0.5%, while the tech-heavy Nasdaq lost 5.66%.
Prior to today's trading, shares of the world's largest chipmaker had gained 4.37% over the past month. This has lagged the Computer and Technology sector's gain of 9.07% and outpaced the S&P 500's gain of 3.44% in that time.
Wall Street will be looking for positivity from Intel as it approaches its next earnings report date. In that report, analysts expect Intel to post earnings of -$0.02 per share. This would mark a year-over-year decline of 106.9%. Meanwhile, our latest consensus estimate is calling for revenue of $12.02 billion, down 21.52% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.44 per share and revenue of $51.45 billion, which would represent changes of -76.09% and -18.4%, respectively, from the prior year.
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.
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. Over the past month, the Zacks Consensus EPS estimate has moved 4.02% higher. Intel currently has a Zacks Rank of #3 (Hold).
Digging into valuation, Intel currently has a Forward P/E ratio of 71.7. Its industry sports an average Forward P/E of 19.43, so we one might conclude that Intel is trading at a premium comparatively.
We can also see that INTC currently has a PEG ratio of 14.83. 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 2.32 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 88, which puts it in the top 35% 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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Intel Corporation (INTC) : Free Stock Analysis Report
