Intel’s stock closed at $30.57, down 1.67%, as compared to the previous day’s performance. The stock underperformed the S&P 500’s loss of 0.31%, with the Dow Jones seeing a gain of 0.67% and the Nasdaq falling 1.09%. Over the past month, Intel’s shares have increased by 1.2%, lagging behind the Computer and Technology sector’s 6.41% gain and the S&P 500’s 2.73% increase.
Analysts are eagerly awaiting Intel’s upcoming earnings report, with expectations of earnings per share at $0.10, a 23.08% decrease from the previous year. Revenue is expected to be $12.96 billion, representing a 0.09% increase from the same period last year. For the full year, analysts predict earnings of $1.05 per share and revenue of $55.69 billion, marking changes of 0% and +2.69%, respectively, from the previous year.
It’s crucial for investors to monitor the latest analyst estimates for Intel, as these can indicate short-term business trends. Positive estimate revisions are typically a positive sign for company prospects, and these adjustments are often correlated with stock price performance. The Zacks Rank system, which rates stocks from #1 (Strong Buy) to #5 (Strong Sell), has historically outperformed, with #1 stocks yielding an average annual return of +25% since 1988. Currently, Intel holds a Zacks Rank of 4 (Sell).
In terms of valuation, Intel’s Forward P/E ratio stands at 29.63, higher than the industry average of 28.27. The stock also has a PEG ratio of 1.24, indicating expected earnings growth. The IT and Technology sector, specifically Semiconductors – General Industry, is ranked #96 in the Zacks Industry Rank, placing it in the top 39% of industries.
The Zacks Industry Rank is calculated based on the average Zacks Rank of individual stocks within each industry group, with the top 50% of industries historically outperforming the bottom half. Monitoring stock-influencing metrics on Zacks.com can provide valuable insights for investors.
Analysts suggest that a stock could potentially rise 10% to 20% following an earnings announcement, indicating potential for significant gains. Those interested can access the free report on Zacks.com for more information. Intel Corporation (INTC) could present an opportunity for investors based on current trends and potential future performance.
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https://www.nasdaq.com/articles/intel-intc-registers-bigger-fall-market-important-facts-note
