Infineon Technologies AG (IFNNY) Gains As Market Dips: What You Should Know
Infineon Technologies AG (IFNNY) closed the latest trading day at $41.85, indicating a +0.43% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.28%. On the other hand, the Dow registered a loss of 0.06%, and the technology-centric Nasdaq decreased by 0.56%.
Shares of the company have appreciated by 7.67% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.68% and the S&P 500's gain of 5.24%.
Investors will be eagerly watching for the performance of Infineon Technologies AG in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.51, signifying a 21.54% drop compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.51 per share and revenue of $18.51 billion. These totals would mark changes of -11.31% and +6.24%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Infineon Technologies AG. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.2% decrease. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
Investors should also note Infineon Technologies AG's current valuation metrics, including its Forward P/E ratio of 16.62. This represents a discount compared to its industry's average Forward P/E of 28.92.
It is also worth noting that IFNNY currently has a PEG ratio of 3.06. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. IFNNY's industry had an average PEG ratio of 4.29 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 201, finds itself in the bottom 21% echelons 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.
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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Infineon Technologies AG (IFNNY) : Free Stock Analysis Report
