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In the latest trading session, NXP Semiconductors (NXPI) closed at $157.83, marking a -0.31% move from the previous day. This change lagged the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq added 0.26%.
Prior to today's trading, shares of the chipmaker had lost 9.94% over the past month. This has lagged the Computer and Technology sector's loss of 8.36% and the S&P 500's loss of 8.32% in that time.
Investors will be hoping for strength from NXP Semiconductors as it approaches its next earnings release. On that day, NXP Semiconductors is projected to report earnings of $3.39 per share, which would represent year-over-year growth of 42.44%. Meanwhile, our latest consensus estimate is calling for revenue of $3.27 billion, up 26.13% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $13.73 per share and revenue of $13.15 billion, which would represent changes of +35.27% and +18.85%, respectively, from the prior year.
Any recent changes to analyst estimates for NXP Semiconductors should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NXP Semiconductors currently has a Zacks Rank of #3 (Hold).
Investors should also note NXP Semiconductors's current valuation metrics, including its Forward P/E ratio of 11.53. This valuation marks a discount compared to its industry's average Forward P/E of 15.58.
It is also worth noting that NXPI currently has a PEG ratio of 0.52. 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. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 0.86 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 20, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.