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Intel (INTC) outperforms stock market gain: What you should know



Intel (INTC) closed at $ 53.01 in the last trading session, marking a + 0.42% move from the previous day. The stock outperformed the S&P 500's daily gain of 0.29%. Elsewhere, the Dow gained 0.17%, while the technology-heavy Nasdaq added 0.3%.

Prior to today's trade, shares of the world's largest chip manufacturer had gained 15.09% over the past month. This has outpaced the computer and technology sector's gain of 3.47% and the S&P 500's gain of 2.99% at that time.

INTC will look for strength as it approaches its next earnings release. On that date, INTC is projected to report earnings of $ 1.24 per share, representing a year-over-year decline of 11.43%. Meanwhile, Zacks Consensus Estimate for Revenue estimates net sales of $ 18.04 billion, down 5.87% from a year earlier.

INTC's Zacks Consensus Estimates for the full year calls for revenue of $ 4.38 per share and revenue of $ 69.37 billion. These results will represent year-on-year changes of -4.37% and -2.08% respectively.

Investors should also note any recent changes in analysts' estimates for INTC. These audits help show the ever-changing nature of near-term businesses. As a result, we can interpret positive estimate revisions as a good sign of the company's business outlook.

Our research shows that these estimate changes are directly correlated with stock prices in the near term. Investors can take advantage of this by using Zacks Rank. This model considers these estimation changes and provides a simple, actionable ranking system.

The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sales), has an impressive, off-the-record track record of excellent results, with # 1 stocks giving an average annual return of + 25% since 1988. Over the past month, Zacks Consensus EPS estimate remained stagnant. INTC currently has a Zacks Rank # 3 (Hold).

Looking at the valuation, INTC has a future P / E ratio of 12.04. This represents a discount compared to the industry's average Forward P / E of 19.26.

It is also worth noting that INTC currently has a PEG ratio of 1.61. The PEG ratio corresponds to the widely used P / E ratio, but this calculation also takes into account the company's expected revenue growth. INTC's industry had an average PEG ratio of 2 as of yesterday's close.

Semiconductor – General industry is part of the computer and technology sector. This industry has a Zacks industry ranking of 103, giving it in the top 41% of all 250+ industries.

Zacks industry rankings include are listed in order from best to worst in terms of average Zacks rankings of individual companies in each of these sectors. Our research shows that the top 50% industries outperform the lower half by a factor of 2 to 1.

To follow INTC in the upcoming trade collections, remember to use Zacks.com.

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Intel Corporation (INTC): Free Stock Analysis Report
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Intel Corporation (INTC): Free Stock Analysis Report

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