Here's Why Intel (INTC) Gained But Lagged the Market Today

Company Performance - Intel is expected to report an EPS of $0 12 for the upcoming quarter, a 77 78% decline compared to the same quarter last year [1] - Quarterly revenue is anticipated to be $13 77 billion, down 10 61% year-over-year [1] - For the annual period, Intel is projected to have an EPS of -$0 09 and revenue of $52 59 billion, representing declines of 108 57% and 3 01%, respectively, from the previous year [2] - Intel's shares have lost 18 78% over the past month, underperforming the Computer and Technology sector's gain of 5 09% and the S&P 500's gain of 0 22% [5] - In the most recent trading session, Intel's stock closed at $20 40, reflecting a 0 99% increase from the previous day, lagging behind the S&P 500's 1 1% gain, the Dow's 0 91% rise, and the Nasdaq's 1 35% appreciation [8] Industry and Market Context - The Semiconductor - General industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 76, placing it in the top 31% of all 250+ industries [10] - The Zacks Industry Rank shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7] Analyst Estimates and Revisions - The Zacks Consensus EPS estimate for Intel has remained unchanged over the last 30 days [3] - Intel currently holds a Zacks Rank of 3 (Hold) [3] - Analyst estimate revisions are crucial as they reflect changing near-term business trends, with upward revisions indicating positive sentiment towards the company's operations and profitability [9]