Intel (INTC) Gains But Lags Market: What You Should Know
Intel (INTC) closed at the previous trading session at $ 60.40, a movement of + 0.5% from the previous day. This change fell short of the S&P 500's daily gain of 1.9%. At the same time, the Dow gained 2.05% and the tech-heavy Nasdaq gained 1.75%.
Wall Street will look for a positive INTC record as it approaches its next earnings report. The company is expected to post earnings of $ 1.10 per share, an increase of 3.77% over the prior year quarter. The Zacks Consensus estimate of sales forecasts net sales of $ 18.51 billion, up 12.17% year over year.
For the full year, our Zacks Consensus estimates forecast earnings of $ 4.81 per share and sales of $ 73.85 billion, a change of -1.23% and + 2.62%, respectively, compared to the previous year.
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Investors should also be aware of recent changes in INTC analyst estimates. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimates as a good sign of the company's business prospects.
Studies show that these estimated revisions correlate directly with short-term price dynamics. Investors can use this with the help of the Zacks rank. This model takes these changes in estimates into account and provides a simple, actionable rating system.
The Zacks Rank system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable, externally verified track record, with # 1 stocks having had an average annual return of + 25% since 1988. The Zacks Consensus EPS estimate fell 0.22% last month. INTC is currently a zacks rank 3 (hold).
The valuation is also important, so investors should note that INTC currently has a forward P / E ratio of 12.5. This corresponds to a discount of 36.76 compared to the industry average forward P / E.
INTC's PEG ratio is currently 1.67. This popular metric is similar to the well-known P / E, with the difference that the P / E also takes into account the company's expected profit growth rate. The semiconductor industry currently had an average PEG ratio of 3.04 at yesterday's closing price.
The semiconductor industry is part of the computer and technology sector. This industry currently has a Zacks industry rank of 25, making it one of the top 10% of all over 250 industries.
The Zacks industry rank measures 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 industries with the best 50% outperform the bottom half by a factor of 2 to 1.
Use Zacks.com to track INTC in upcoming trading sessions.
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