Intel (INTC) Expected to Announce Earnings on Thursday

Intel (NASDAQ:INTC - Get Free Report) is projected to announce its earnings results 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.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) EPS 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 analyst estimates of $13.02 billion. During the same period in the prior year, the company earned $0.28 earnings per share. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. 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 2.7 %

INTC stock opened at $19.72 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.31 and a quick ratio of 0.97. The firm has a market cap of $85.05 billion, a PE ratio of -5.30 and a beta of 1.07. Intel has a 12 month low of $18.51 and a 12 month high of $50.30. The firm has a 50 day simple moving average of $21.89 and a 200 day simple moving average of $23.49.

Insider Transactions at Intel

In other news, EVP Michelle Johnston Holthaus sold 25,000 shares of Intel stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $26.00, for a total transaction of $650,000.00. Following the completion of the sale, the executive vice president now owns 273,258 shares in the company, valued at $7,104,708. The trade was a 8.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on INTC shares. The Goldman Sachs Group reduced their price target on shares of Intel from $22.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, October 17th. Stifel Nicolaus restated a "hold" rating and issued a $25.00 price target (down previously from $28.00) on shares of Intel in a research report on Friday, October 25th. Rosenblatt Securities restated a "sell" rating and issued a $17.00 price target on shares of Intel in a research report on Tuesday, October 29th. Benchmark restated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Finally, Northland Securities cut their target price on shares of Intel from $42.00 to $28.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Six research analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $29.96.

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.