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Intel (INTC) Dips More Than Broader Markets: What You Should Know
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Intel (INTC - Free Report) closed at $25.94 in the latest trading session, marking a -0.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Coming into today, shares of the world's largest chipmaker had lost 9.17% in the past month. In that same time, the Computer and Technology sector lost 6.38%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from Intel as it approaches its next earnings release. In that report, analysts expect Intel to post earnings of $0.20 per share. This would mark a year-over-year decline of 81.65%. Our most recent consensus estimate is calling for quarterly revenue of $14.5 billion, down 25.76% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.95 per share and revenue of $63.51 billion. These totals would mark changes of -64.35% and -18.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intel. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.21% higher. Intel is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 13.35 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 13.35.
Investors should also note that INTC has a PEG ratio of 1.78 right now. 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. The Semiconductor - General was holding an average PEG ratio of 1.85 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 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.
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Intel (INTC) Dips More Than Broader Markets: What You Should Know
Intel (INTC - Free Report) closed at $25.94 in the latest trading session, marking a -0.57% move from the prior day. This move lagged the S&P 500's daily loss of 0.41%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq lost 6.67%.
Coming into today, shares of the world's largest chipmaker had lost 9.17% in the past month. In that same time, the Computer and Technology sector lost 6.38%, while the S&P 500 lost 4.4%.
Investors will be hoping for strength from Intel as it approaches its next earnings release. In that report, analysts expect Intel to post earnings of $0.20 per share. This would mark a year-over-year decline of 81.65%. Our most recent consensus estimate is calling for quarterly revenue of $14.5 billion, down 25.76% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.95 per share and revenue of $63.51 billion. These totals would mark changes of -64.35% and -18.6%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Intel. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 0.21% higher. Intel is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 13.35 right now. This represents a no noticeable deviation compared to its industry's average Forward P/E of 13.35.
Investors should also note that INTC has a PEG ratio of 1.78 right now. 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. The Semiconductor - General was holding an average PEG ratio of 1.85 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 69, which puts it in the top 28% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow INTC in the coming trading sessions, be sure to utilize Zacks.com.