Intel (INTC) to Release Quarterly Earnings on Thursday

Intel (NASDAQ:INTC - Get Free Report) is expected to be posting its quarterly earnings results 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.Individual interested in listening to the company's earnings conference call can do so using this link.

Intel (NASDAQ:INTC - Get Free Report) last posted its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $13.02 billion. During the same quarter last year, the firm earned $0.28 earnings per share. Intel's revenue 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 Stock Up 1.3 %

Shares of INTC traded up $0.28 during mid-day trading on Tuesday, hitting $21.77. 95,738,235 shares of the company's stock were exchanged, compared to its average volume of 68,396,563. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.44. Intel has a twelve month low of $18.51 and a twelve month high of $50.30. The firm has a fifty day moving average of $21.48 and a two-hundred day moving average of $23.20. The stock has a market cap 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.

Analyst Ratings Changes

INTC has been the subject of a number of analyst reports. Barclays reduced their price target on Intel from $25.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday. The Goldman Sachs Group reduced their target price on Intel from $22.00 to $21.00 and set a "sell" rating for the company in a report on Thursday, October 17th. HSBC upgraded Intel from a "reduce" rating to a "hold" rating in a report on Tuesday. Rosenblatt Securities restated a "sell" rating and issued a $17.00 price objective on shares of Intel in a research note on Tuesday, October 29th. Finally, Truist Financial raised their target price on shares of Intel from $25.00 to $26.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a sell rating, twenty-six have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $28.81.

Insider Activity

In other Intel news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel 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 completion of the transaction, the executive vice president now directly owns 273,258 shares of the company's stock, valued at approximately $7,104,708. This trade represents a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.