In the recent market close, Intel (INTC) ended at $30.57, experiencing a -1.67% drop compared to the previous day. This performance was weaker than the S&P 500’s 0.31% decline. The Dow Jones saw a 0.67% increase while the Nasdaq, focused on technology, fell by 1.09%.
Over the past month, shares of Intel, the largest chipmaker globally, have increased by 1.2%. However, this growth lags behind the Computer and Technology sector’s 6.41% uptick and the S&P 500’s 2.73% increase.
The upcoming release of Intel’s earnings report is anticipated by the investment community. Analysts predict earnings of $0.10 per share, reflecting a 23.08% decline compared to the previous year. Revenue is expected to be $12.96 billion, showing a 0.09% rise from the same quarter last year.
Looking at the full year forecast, Zacks Consensus Estimates indicate earnings of $1.05 per share and revenue of $55.69 billion. These figures represent a 0% change in earnings and a +2.69% increase in revenue compared to the previous year.
Investors should keep an eye on the latest analyst estimates for Intel as they reflect short-term business trends. Positive estimate revisions could indicate optimism about the company’s future prospects. Changes in these estimates often correlate with share price performance.
The Zacks Rank, a quantitative model ranging from #1 (Strong Buy) to #5 (Strong Sell), considers estimate adjustments to provide a rating system. Stocks with a Zacks Rank of #1 have historically delivered an average annual return of +25%. As of now, Intel holds a Zacks Rank of 4 (Sell).
In terms of valuation, Intel’s Forward P/E ratio is 29.63, higher than the industry average of 28.27. The company’s PEG ratio stands at 1.24, with the Semiconductor and General Industrials industry averaging 2.55.
The Semiconductors – General Industry falls under the IT and Technology sector and currently ranks #96 on the Zacks Industry Rank, in the top 39% of all industries. The Zacks Industry Rank reflects the strength of individual industry groups based on the average Zacks Rank of the stocks within those groups.
Monitoring these stock-influencing metrics and more through Zacks.com can help investors make informed decisions in the trading sessions ahead. For further insights, investors can download the 7 best stocks for the next 30 days from Zacks Investment Research.
References:
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Article Source
https://finance.yahoo.com/news/intel-intc-registers-bigger-fall-214518815.html