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Infineon Technologies AG (IFNNY) Stock Declines While Market Improves: Some Information for Investors
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Infineon Technologies AG (IFNNY - Free Report) closed the latest trading day at $41.37, indicating a -1.05% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq increased by 0.2%.
The company's stock has climbed by 14.55% in the past month, exceeding the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.71%.
The investment community will be closely monitoring the performance of Infineon Technologies AG in its forthcoming earnings report. In that report, analysts expect Infineon Technologies AG to post earnings of $0.51 per share. This would mark a year-over-year decline of 21.54%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.51 per share and a revenue of $18.51 billion, signifying shifts of -11.31% and +6.24%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Infineon Technologies AG. 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.47% lower within the past month. Infineon Technologies AG currently has a Zacks Rank of #3 (Hold).
Investors should also note Infineon Technologies AG's current valuation metrics, including its Forward P/E ratio of 16.67. This represents a discount compared to its industry's average Forward P/E of 28.5.
It is also worth noting that IFNNY currently has a PEG ratio of 3.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 4.13.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Infineon Technologies AG (IFNNY) Stock Declines While Market Improves: Some Information for Investors
Infineon Technologies AG (IFNNY - Free Report) closed the latest trading day at $41.37, indicating a -1.05% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.17%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq increased by 0.2%.
The company's stock has climbed by 14.55% in the past month, exceeding the Computer and Technology sector's gain of 4.37% and the S&P 500's gain of 4.71%.
The investment community will be closely monitoring the performance of Infineon Technologies AG in its forthcoming earnings report. In that report, analysts expect Infineon Technologies AG to post earnings of $0.51 per share. This would mark a year-over-year decline of 21.54%.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.51 per share and a revenue of $18.51 billion, signifying shifts of -11.31% and +6.24%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Infineon Technologies AG. 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 1.47% lower within the past month. Infineon Technologies AG currently has a Zacks Rank of #3 (Hold).
Investors should also note Infineon Technologies AG's current valuation metrics, including its Forward P/E ratio of 16.67. This represents a discount compared to its industry's average Forward P/E of 28.5.
It is also worth noting that IFNNY currently has a PEG ratio of 3.07. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 4.13.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 194, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.