Intel (INTC) Stock Dips While Market Gains: Key Facts

Intel (INTC) closed at $21.88 in the latest trading session, marking a -4.25% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.48%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.94%. Shares of the world's largest chipmaker have appreciated by 12.62% over the course of the past month, outperforming the Computer and Technology sector's gain of 7.61%, and the S&P 500's gain of 5.13%.Analysts and investors alike will be keeping a close eye on the performance of Intel in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.01, indicating a 50% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.87 billion, indicating a 7.53% decline compared to the corresponding quarter of the prior year. INTC's full-year Zacks Consensus Estimates are calling for earnings of $0.28 per share and revenue of $50.8 billion. These results would represent year-over-year changes of +315.38% and -4.33%, respectively. Investors might also notice recent changes to analyst estimates for Intel. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.8% downward. Intel is holding a Zacks Rank of #3 (Hold) right now. Valuation is also important, so investors should note that Intel has a Forward P/E ratio of 80.76 right now. This denotes a premium relative to the industry average Forward P/E of 37.93. It's also important to note that INTC currently trades at a PEG ratio of 7.71. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Semiconductor - General industry held an average PEG ratio of 2.63. The Semiconductor - General industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 195, which puts it in the bottom 22% of all 250+ industries. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant 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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks