In the latest trading session, Xilinx (XLNX) closed at $134.07, marking a -0.25% move from the previous day. This change lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow lost 0.1%, and the Nasdaq, a tech-heavy index, lost 0.1%.
Coming into today, shares of the computer chipmaker had gained 9.74% in the past month. In that same time, the Computer and Technology sector gained 5.14%, while the S&P 500 gained 4.3%.
Wall Street will be looking for positivity from XLNX as it approaches its nex t earnings report date. This is expected to be April 24, 2019. The company is expected to report EPS of $0.95, up 48.44% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $825.59 million, up 22.7% from the prior-year quarter.
Any recent changes to analyst estimates for XLNX should also be noted by investors. 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. Within the past 30 days, our consensus EPS projection has moved 0.72% higher. XLNX is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note XLNX's current valuation metrics, including its Forward P/E ratio of 34.62. This represents a no noticeable deviation compared to its industry's average Forward P/E of 34.62.
Meanwhile, XLNX's PEG ratio is currently 2.89. 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. XLNX's industry had an average PEG ratio of 2.89 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 2, which puts it in the top 1% 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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Xilinx, Inc. (XLNX): Free Stock Analysis Report
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