From Nasdaq:

STMicroelectronics (STM) experienced mixed results in the latest market close, with a -0.65% movement compared to the previous day and slightly trailing the S&P 500. The company is anticipated to report EPS of $0.96, down 27.27% from the prior-year quarter and quarterly revenue of $4.3 billion, down 2.76% from the year-ago period.

Investors are advised to monitor analyst estimates and the recent changes to these estimates, which can signal fluctuating short-term business trends. Positive estimate revisions often indicate analyst optimism about a company’s business and profitability, directly affecting near-term share price momentum.

STMicroelectronics is currently under a Zacks Rank of #3 (Hold) and is being traded at a Forward P/E ratio of 11.59, representing a discount compared to its industry’s average. The PEG ratio is 2.32, and the company is part of the bottom 12% echelons of all 250+ industries in the Zacks Industry Rank for the Computer and Technology sector.

Zacks Investment Research offers a 30-day access to all their stock picks for only $1, with no obligation to spend another cent.
Thousands have taken advantage of this opportunity. The author’s views are expressed here and do not necessarily reflect those of Nasdaq, Inc.



Read more: STMicroelectronics (STM) Stock Dips While Market Gains: Key Facts