Intel’s stock closed the recent trading session at $34.59, with a rise of 1.77% from the previous day. This outperformed the S&P 500’s gain of 0.07%, while the Dow saw a loss of 0.13% and the Nasdaq rose by 0.14%.
Over the past month, Intel’s shares have gained 9.96%, surpassing the Computer and Technology sector’s gain of 8.61% and the S&P 500’s gain of 4.34%. Analysts are expecting Intel to post earnings of $0.10 per share in its next financial report, reflecting a year-over-year decline of 23.08%. Revenue is projected to be $12.96 billion, a 0.09% increase from the year-ago period.
For the full year, estimates call for earnings of $1.05 per share and revenue of $55.69 billion, representing minimal changes from the previous year. Analysts have made positive revisions in their estimates for Intel, reflecting optimism in the company’s business and profitability. These estimate revisions have historically influenced stock price performance, with the Zacks Rank providing a rating system based on these changes.
Intel currently holds a Zacks Rank of #4 (Sell) and is trading at a higher forward P/E ratio of 32.39 compared to the industry average of 29.68. The company also has a PEG ratio of 1.36, indicating expected earnings growth. The General Semiconductor industry has an average PEG ratio of 2.67.
The semiconductor industry, which includes Intel, is part of the Computer and Technology sector with a Zacks Industry Rank of 99, placing it in the top 40% of all industries. Industries ranked in the top 50% typically outperform those in the bottom half by a factor of 2 to 1.
To track Intel’s performance in future trading sessions, investors can utilize Zacks.com. For more information and recommendations from Zacks Investment Research, readers can access “The 7 Best Stocks for the Next 30 Days” report.
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https://finance.yahoo.com/news/intel-intc-rises-higher-market-214517600.html