Analysts Predict Intel's Earnings Performance for Q3
Intel Earnings Announcement Approaches
Intel Corporation (NASDAQ: INTC) is gearing up to announce its earnings results for the third quarter soon. Investors are keenly awaiting this update, which is vital for understanding the company's financial health and future prospects.
Analysts' Revenue Expectations
Market analysts anticipate that Intel will report quarterly earnings of just 1 cent per share, a notable improvement compared to the loss of 46 cents per share the same time last year. Furthermore, estimates project Intel's quarterly revenue to hit around $13.14 billion. This figure comes close to the previous year's revenue of $13.28 billion.
Recent Financial Performance
Intel has impressed investors recently by exceeding revenue estimates for four consecutive quarters. Overall, the company has beaten expectations in eight out of the last ten quarters, indicating a trend of potential financial recovery.
Stock Performance Overview
As anticipation builds, Intel's stock experienced a decline of 3.2%, closing at $36.92 on Wednesday. This dip might concern investors who are closely monitoring the company's upcoming earnings report.
Analyst Ratings Updates
Various analysts have revised their ratings for Intel ahead of the earnings call, providing insights into the stock's potential future performance. Here’s what some top analysts are saying:
Wedbush Analyst Insights
Wedbush analyst Matt Bryson has maintained a Neutral rating on INTC while raising the price target from $19 to $20. With an impressive accuracy rate of 85%, his insights are worth considering.
Morgan Stanley's Take
Morgan Stanley analyst Joseph Moore retains an Equal-Weight rating and has increased the price target significantly from $23 to $36. This analyst boasts an accuracy rate of 75%, indicating reliability in his assessments.
Wells Fargo's Rating
Wells Fargo's analyst Aaron Rakers also maintains an Equal-Weight rating, with a raised price target from $22 to $30. Rakers' accuracy rate is commendable at 86%, providing confidence in his evaluations.
B of A Securities Opinion
B of A Securities analyst Vivek Arya has downgraded INTC from Neutral to Underperform, setting a price target of $34. With an accuracy rate of 82%, Arya’s caution reflects current market sentiments.
Mizuho Analyst Perspectives
Mizuho analyst Vijay Rakesh has retained a Neutral rating while raising the target price from $23 to $39. Rakesh has a reliable accuracy rate of 80%, suggesting his insights are backed by substantial analysis.
For those considering investing in Intel stock, keeping an eye on these ratings and market performance will be crucial in making informed decisions.
Frequently Asked Questions
What is Intel's expected earnings for the third quarter?
Analysts expect Intel to report earnings of 1 cent per share for the third quarter.
How has Intel performed in previous quarters?
Intel has exceeded revenue estimates in four consecutive quarters and has beaten expectations in eight of the last ten quarters.
What is the current stock price of Intel?
Intel’s stock closed at $36.92, experiencing a 3.2% decrease recently.
What are analysts currently rating Intel?
Analysts have maintained various ratings from Neutral to Underperform, with updated price targets reflecting their analyses.
How can I get the latest analyst ratings for Intel?
Investors can find the latest analyst ratings for Intel through financial news platforms and related analytics services.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.