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Skyworks Solutions (SWKS) Gains As Market Dips: What You Should Know
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Skyworks Solutions (SWKS - Free Report) closed at $96.51 in the latest trading session, marking a +1.14% move from the prior day. This move outpaced the S&P 500's daily loss of 0.92%. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the chipmaker had gained 2.41% over the past month. This has outpaced the Computer and Technology sector's loss of 0.73% and the S&P 500's loss of 1% in that time.
Skyworks Solutions will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.36, up 9.77% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, up 10.27% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.03 per share and revenue of $5.51 billion, which would represent changes of +5.05% and +7.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Skyworks Solutions. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Skyworks Solutions is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Skyworks Solutions is holding a Forward P/E ratio of 8.65. This represents a discount compared to its industry's average Forward P/E of 9.04.
We can also see that SWKS currently has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SWKS's industry had an average PEG ratio of 0.86 as of yesterday's close.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Skyworks Solutions (SWKS) Gains As Market Dips: What You Should Know
Skyworks Solutions (SWKS - Free Report) closed at $96.51 in the latest trading session, marking a +1.14% move from the prior day. This move outpaced the S&P 500's daily loss of 0.92%. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.05%.
Prior to today's trading, shares of the chipmaker had gained 2.41% over the past month. This has outpaced the Computer and Technology sector's loss of 0.73% and the S&P 500's loss of 1% in that time.
Skyworks Solutions will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.36, up 9.77% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, up 10.27% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $11.03 per share and revenue of $5.51 billion, which would represent changes of +5.05% and +7.83%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Skyworks Solutions. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Skyworks Solutions is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Skyworks Solutions is holding a Forward P/E ratio of 8.65. This represents a discount compared to its industry's average Forward P/E of 9.04.
We can also see that SWKS currently has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. SWKS's industry had an average PEG ratio of 0.86 as of yesterday's close.
The Semiconductors - Radio Frequency industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.