Intel (INTC) Stock Slides as Market Rises: Facts to Know Before You Trade

In the latest close session, Intel (INTC) was down 3.11% at $39.51. This change lagged the S&P 500's 0.21% gain on the day. On the other hand, the Dow registered a gain of 1.35%, and the technology-centric Nasdaq decreased by 0.26%. The world's largest chipmaker's stock has climbed by 7.63% in the past month, exceeding the Computer and Technology sector's gain of 2.05% and the S&P 500's gain of 0.89%.Investors will be eagerly watching for the performance of Intel in its upcoming earnings disclosure. On that day, Intel is projected to report earnings of $0.08 per share, which would represent a year-over-year decline of 38.46%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.38 billion, down 6.2% from the year-ago period. For the full year, the Zacks Consensus Estimates project earnings of $0.32 per share and a revenue of $52.4 billion, demonstrating changes of +346.15% and -1.32%, respectively, from the preceding year. It's also important for investors to be aware of any recent modifications to analyst estimates for Intel. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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 11.43% higher. As of now, Intel holds a Zacks Rank of #3 (Hold). Looking at valuation, Intel is presently trading at a Forward P/E ratio of 125.96. This denotes a premium relative to the industry average Forward P/E of 42.56. We can also see that INTC currently has a PEG ratio of 13.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Semiconductor - General was holding an average PEG ratio of 4.57 at yesterday's closing price. The Semiconductor - General industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 34, positioning it in the top 14% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Free Report: Profiting from the 2nd Wave of AI ExplosionThe next phase of the AI explosion is poised to create significant wealth for investors, especially those who get in early. It will add literally trillion of dollars to the economy and revolutionize nearly every part of our lives.Investors who bought shares like Nvidia at the right time have had a shot at huge gains.But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.Zacks' AI Boom 2.0: The Second Wave report reveals 4 under-the-radar companies that may soon be shining stars of AI’s next leap forward.Access AI Boom 2.0 now, absolutely free >>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 ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks