Intel stock saw a slight increase but has dropped 20.7% in the past month.

From Nasdaq: 2024-12-06 17:45:05

In the latest market close, Intel (INTC) saw a slight increase to $20.92, outperforming the S&P 500. However, the stock has dropped by 20.7% in the past month. Investors await Intel’s upcoming earnings report, which is expected to show a significant decline in EPS and revenue compared to last year.

The Zacks Consensus Estimates predict a loss of -$0.09 per share and revenue of $52.59 billion for Intel in the annual period. Analysts are closely monitoring any revisions to these estimates, as they can impact stock performance. Intel currently holds a Zacks Rank of #3 (Hold) and has seen a 4.21% decrease in EPS estimate over the past month.

The Semiconductor – General industry, to which Intel belongs, has a Zacks Industry Rank of 59, placing it in the top 24% of all industries. The Zacks Industry Rank is a key indicator of industry strength, with top-ranked industries historically outperforming lower-ranked ones. Investors are advised to stay informed on these metrics using Zacks.com for future trading sessions.

For investors looking for potential stocks to watch, experts have identified 7 top picks from the Zacks Rank #1 Strong Buys list. These stocks have historically outperformed the market, with an average gain of +24.1% per year since 1988. Consider giving these hand-picked stocks immediate attention for potential price pops. Check out the full list of recommendations on Zacks.com.



Read more at Nasdaq: Intel (INTC) Exceeds Market Returns: Some Facts to Consider