Intel (INTC) Expected to Announce Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) is anticipated to issue its quarterly earnings data before the market opens on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.12 per share and revenue of $13,810,200.00 billion for the quarter. Intel has set its Q4 guidance at $0.12 EPS and its Q4 2024 guidance at 0.120-0.120 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Intel (NASDAQ:INTC) last announced its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.44). Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. The business had revenue of $13.30 billion for the quarter, compared to the consensus estimate of $13.02 billion. During the same quarter in the previous year, the company earned $0.28 EPS. Intel’s revenue for the quarter was down 6.3% compared to the same quarter last year. On average, analysts expect Intel to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Intel Price Performance

Shares of INTC stock opened at $21.77 on Wednesday. The stock has a 50 day moving average of $21.48 and a two-hundred day moving average of $23.20. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.44. Intel has a 12 month low of $18.51 and a 12 month high of $50.30. The company has a market capitalization of $93.89 billion, a P/E ratio of -5.85, a P/E/G ratio of 9.46 and a beta of 1.07.

Wall Street Analyst Weigh In

INTC has been the subject of a number of research reports. HSBC upgraded Intel from a “reduce” rating to a “hold” rating in a research report on Tuesday. UBS Group cut their target price on Intel from $26.00 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday. The Goldman Sachs Group cut their target price on Intel from $22.00 to $21.00 and set a “sell” rating for the company in a research report on Thursday, October 17th. Benchmark restated a “hold” rating on shares of Intel in a research report on Friday, November 1st. Finally, Citigroup cut their target price on Intel from $22.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Intel has an average rating of “Hold” and an average price target of $28.81.

Insider Activity

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $26.00, for a total value of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.04% of the company’s stock.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.