Xilinx (XLNX) Stock Sinks As Market Gains: What You Should Know
Xilinx (XLNX) closed at $104.53 in the latest trading session, marking a -0.84% move from the prior day. This move lagged the S&P 500's daily gain of 0.09%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.62%.
Heading into today, shares of the computer chipmaker had lost 0.67% over the past month, lagging the Computer and Technology sector's gain of 0.35% and the S&P 500's gain of 2.08% in that time.
Wall Street will be looking for positivity from XLNX as it approaches its next earnings report date. In that report, analysts expect XLNX to post earnings of $0.94 per share. This would mark year-over-year growth of 27.03%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $850.54 million, up 24.28% from the year-ago period.
XLNX's full-year Zacks Consensus Estimates are calling for earnings of $3.94 per share and revenue of $3.51 billion. These results would represent year-over-year changes of +13.22% and +14.82%, respectively.
Investors might also notice recent changes to analyst estimates for XLNX. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 past month, the Zacks Consensus EPS estimate has moved 1.86% higher. XLNX is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, XLNX is currently trading at a Forward P/E ratio of 26.75. Its industry sports an average Forward P/E of 26.75, so we one might conclude that XLNX is trading at a no noticeable deviation comparatively.
Also, we should mention that XLNX has a PEG ratio of 2.23. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. XLNX's industry had an average PEG ratio of 2.23 as of yesterday's close.
The Semiconductors - Programmable Logic industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 112, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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