Intel (INTC) ended the recent trading session at $111.50, demonstrating a -1.07% change from the preceding day's closing price. This change lagged the S&P 500's 0.41% gain on the day. On the other hand, the Dow registered a gain of 1.73%, and the technology-centric Nasdaq decreased by 0.09%.
Coming into today, shares of the world's largest chipmaker had lost 0.27% in the past month. In that same time, the Computer and Technology sector gained 10.03%, while the S&P 500 gained 4.59%.
Market participants will be closely following the financial results of Intel in its upcoming release. The company's upcoming EPS is projected at $0.21, signifying a 310.00% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $14.39 billion, indicating a 11.9% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.05 per share and revenue of $57.78 billion, indicating changes of +150% and +9.32%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Intel. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.22% higher. Currently, Intel is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Intel is currently exchanging hands at a Forward P/E ratio of 107. This indicates a premium in contrast to its industry's Forward P/E of 65.84.
The Semiconductor - General industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 32, this industry ranks in the top 14% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Beyond Nvidia: AI's Second Wave Is Here
The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.
See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Intel Corporation (INTC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).