Infineon Technologies AG (IFNNY) Outperforms Broader Market: What You Need to Know
The most recent trading session ended with Infineon Technologies AG (IFNNY) standing at $37.85, reflecting a +1.47% shift from the previouse trading day's closing. This change outpaced the S&P 500's 1.23% gain on the day. At the same time, the Dow added 1.06%, and the tech-heavy Nasdaq gained 1.7%.
Coming into today, shares of the company had lost 10.79% in the past month. In that same time, the Computer and Technology sector gained 1.98%, while the S&P 500 gained 0.94%.
Analysts and investors alike will be keeping a close eye on the performance of Infineon Technologies AG in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $0.50, marking a 23.08% fall compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.52 per share and a revenue of $18.19 billion, representing changes of -10.95% and +4.41%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Infineon Technologies AG. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.4% higher within the past month. 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 14.82. This signifies a discount in comparison to the average Forward P/E of 28.3 for its industry.
Also, we should mention that IFNNY has a PEG ratio of 2.73. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Electronics - Semiconductors industry had an average PEG ratio of 3.04 as trading concluded yesterday.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 108, this industry ranks in the top 43% of all industries, numbering over 250.
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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Infineon Technologies AG (IFNNY) : Free Stock Analysis Report
