Dell Technologies(US:DELL) ZACKSยท2024-08-09 22:45Stock Performance - Dell Technologies stock closed at $92 55 with a +1 19% movement compared to the previous day outperforming the S&P 500's daily gain of 0 47% the Dow's gain of 0 13% and the Nasdaq's gain of 0 51% [1] - Over the past month Dell Technologies shares lost 35 01% lagging behind the Computer and Technology sector's loss of 11 22% and the S&P 500's loss of 4 45% [1] Earnings and Revenue Forecast - Dell Technologies is set to release its earnings report on August 29 2024 with a predicted EPS of $1 72 reflecting a 1 15% decline compared to the same quarter last year [2] - The company's revenue is projected to be $24 06 billion for the upcoming quarter indicating a 4 91% increase from the equivalent quarter last year [2] - For the entire year the Zacks Consensus Estimates forecast earnings of $7 82 per share and revenue of $96 76 billion representing year-over-year changes of +9 68% and +9 43% respectively [3] Analyst Estimates and Stock Price Impact - Recent changes to analyst estimates for Dell Technologies reflect the dynamic nature of near-term business trends with positive revisions indicating optimism about the company's business and profitability [3] - Research shows that estimate alterations are directly linked to the stock price performance in the near future [4] Valuation Metrics - Dell Technologies currently trades at a Forward P/E ratio of 11 69 which is a premium compared to its industry's average Forward P/E of 10 99 [6] - The company has a PEG ratio of 0 99 lower than the industry average PEG ratio of 1 55 indicating a more favorable valuation when considering expected earnings growth [6] Industry Overview - The Computer - Micro Computers industry part of the Computer and Technology sector currently holds a Zacks Industry Rank of 50 placing it in the top 20% of over 250 industries [7] - The Zacks Industry Rank evaluates the strength of industry groups with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]