Xilinx (XLNX) closed at $112.69 in the latest trading session, marking a +0.49% move from the prior day. This move outpaced the S&P 500's daily loss of 0.17%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq lost 0.32%.
Coming into today, shares of the computer chipmaker had gained 9.62% in the past month. In that same time, the Computer and Technology sector gained 2.43%, while the S&P 500 gained 3.07%.
XLNX will be looking to display strength as it nears its nex t earnings release. The company is expected to report EPS of $0.94, up 27.03% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $850.54 million, up 24.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.93 per share and revenue of $3.50 billion, which would represent changes of +12.93% and +14.54%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for XLNX. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.76% lower within the past month. XLNX is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, XLNX is holding a Forward P/E ratio of 28.53. This represents a no noticeable deviation compared to its industry's average Forward P/E of 28.53.
Also, we should mention that XLNX has a PEG ratio of 2.38. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Semiconductors - Programmable Logic stocks are, on average, holding a PEG ratio of 2.38 based on yesterday's closing prices.
The Semiconductors - Programmable Logic industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 110, putting it in the top 43% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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