This story originally appeared on Zacks
Xilinx (XLNX) closed at $204.04 in the latest trading session, recording a move of 1.18% from the day before. The stock surpassed the S&P 500’s daily loss of 0.1%. Elsewhere, the Dow Jones lost 0.47%, while the big tech Nasdaq lost 0.47%.
As of today, the computer chip maker’s shares have lost 10.27% in the last month. At the same time, the computer and technology sector lost 1%, while the S&P 500 rose 3.67%.
Xilinx will look to show strength as it nears its next earnings release. On that day, Xilinx is expected to report earnings of $1.05 per share, representing a year-over-year growth of 34.62%. Meanwhile, our latest consensus estimate is of $953.75 million in revenue, an increase of 18.71% over the prior year quarter.
Looking at the full year, our Zacks Consensus estimates that analysts expect earnings of $4.10 per share and revenue of $3.73 billion. These totals will indicate changes of +33.12% and +18.52%, respectively, from last year.
It is also important to note the recent changes in analyst estimates for Xilinx. These recent reviews tend to reflect the evolving nature of short-term business trends. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.
Our research shows that these discretionary changes are directly correlated with near-term stock prices. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank system has a proven and externally audited track record of outperforming, with the #1 stock returning an average of +25% annually since 1988. In the past 30 days, it has remained The unanimous EPS drop is stagnant. Xilinx is currently ranked 3rd (Hold) by Zacks.
In terms of valuation, Xilinx is currently trading at a forward P/E ratio of 49.24. This rating does not represent any significant deviation compared to the industry’s forward P/E average of 49.24.
The semiconductor – programmable logic industry is part of the computer and technology sector. The industry currently has a Zacks Industry Rating of 109, placing it in the top 43% of all 250+ industries.
Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
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