From Nasdaq:

In the latest trading session, STMicroelectronics (STM) closed at $50.13, marking a -0.18% move. The stock outperformed the S&P 500’s daily loss. It has climbed by 5.86% in the past month, exceeding the sector’s gain of 4.68% and the S&P 500’s gain of 5.24%.

Analysts expect STMicroelectronics to report an EPS of $0.96, a 27.27% fall from the previous year. Revenue is anticipated at $4.3 billion, a 2.76% drop from the year-ago quarter. For the fiscal year, the Zacks Consensus Estimates project earnings of $4.28 per share and revenue of $17.32 billion.

Recent changes to analyst estimates often mirror the shifting dynamics of short-term business patterns. The Zacks Rank, which ranges from #1 to #5, stands currently at #4 (Sell). Empirical research indicates that revisions in estimates relate to stock price performance.

STMicroelectronics has a Forward P/E ratio of 11.73, trading at a discount compared to the industry’s average of 21.22. The company also has a PEG ratio of 2.35, with the industry’s average PEG ratio at 2.85.

The Computer and Technology sector’s Semiconductor – General industry has a Zacks Industry Rank of 225, placing it in the bottom 11% of all 250+ industries. The top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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Read more: STMicroelectronics (STM) Stock Moves -0.18%: What You Should Know