Intel (INTC) closed the most recent trading day at $46.71, moving -0.7% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.79%. Elsewhere, the Dow lost 0.85%, while the tech-heavy Nasdaq lost 1.11%.
Heading into today, shares of the world's largest chipmaker had gained 1.47% over the past month, lagging the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
INTC will be looking to display strength as it nears its next earnings release, which is expected to be April 25, 2019. In that report, analysts expect INTC to post earnings of $0.94 per share. This would mark year-over-year growth of 8.05%.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.51 per share and revenue of $71.58 billion, which would represent changes of -1.53% and +1.04%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for INTC. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 0.53% lower within the past month. INTC currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that INTC has a Forward P/E ratio of 10.43 right now. For comparison, its industry has an average Forward P/E of 14.43, which means INTC is trading at a discount to the group.
Investors should also note that INTC has a PEG ratio of 1.24 right now. 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. The Semiconductor - General industry currently had an average PEG ratio of 2.07 as of yesterday's close.
The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 246, which puts it in the bottom 4% 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.
Intel Corporation (NASDAQ:INTC): Get Free Report
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