In the latest trading session, Dell Technologies (DELL) closed at $45.45, marking a +0.09% move from the previous day. This move outpaced the S&P 500's daily loss of 0.12%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.4%.
Heading into today, shares of the computer and technology services provider had gained 5.8% over the past month, lagging the Computer and Technology sector's gain of 10.34% and the S&P 500's gain of 8.25% in that time.
Wall Street will be looking for positivity from Dell Technologies as it approaches its next earnings report date. This is expected to be August 25, 2022. In that report, analysts expect Dell Technologies to post earnings of $1.63 per share. This would mark a year-over-year decline of 27.23%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $26.59 billion, up 1.74% from the year-ago period.
DELL's full-year Zacks Consensus Estimates are calling for earnings of $7.03 per share and revenue of $107.02 billion. These results would represent year-over-year changes of +13.02% and -0.02%, respectively.
It is also important to note the recent changes to analyst estimates for Dell Technologies. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 0.27% lower. Dell Technologies is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Dell Technologies has a Forward P/E ratio of 6.46 right now. This valuation marks a discount compared to its industry's average Forward P/E of 21.72.
Investors should also note that DELL has a PEG ratio of 0.54 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computers - IT Services was holding an average PEG ratio of 1.39 at yesterday's closing price.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 136, putting it in the bottom 47% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
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