Intel (INTC) Expected to Announce Quarterly Earnings on Thursday

Intel (NASDAQ:INTC) is projected to release its earnings data before the market opens on Thursday, January 23rd. Analysts expect Intel to post 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Intel (NASDAQ:INTC) last released its quarterly earnings data on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.44). The business had revenue of $13.30 billion during the quarter, compared to the consensus estimate of $13.02 billion. Intel had a negative net margin of 29.42% and a negative return on equity of 1.71%. Intel’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.28 EPS. 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

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

Insider Buying and Selling at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $26.00, for a total transaction of $650,000.00. Following the sale, the executive vice president now owns 273,258 shares of the company’s stock, valued at $7,104,708. This trade represents a 8.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.04% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on INTC. Truist Financial upped their price objective on Intel from $25.00 to $26.00 and gave the company a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Intel from $27.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, October 3rd. Barclays lowered their target price on Intel from $25.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. The Goldman Sachs Group lowered their target price on Intel from $22.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, October 17th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Intel in a research note on Friday, November 1st. Five analysts have rated the stock with a sell rating, twenty-six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.81.

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.