Intel (INTC) Projected to Post Quarterly 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.Investors interested in listening to the company's conference call can do so using this link.

Intel (NASDAQ:INTC - Get Free Report) last released its earnings results on Thursday, October 31st. The chip maker reported ($0.46) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.44). Intel had a negative return on equity of 1.71% and a negative net margin of 29.42%. The business had revenue of $13.30 billion during the quarter, compared to analysts' expectations of $13.02 billion. During the same period last year, the business earned $0.28 earnings per share. The company'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 NASDAQ:INTC traded down $0.04 during midday trading on Thursday, hitting $19.69. The company had a trading volume of 44,799,087 shares, compared to its average volume of 55,846,914. Intel has a twelve month low of $18.51 and a twelve month high of $50.30. The stock has a market cap of $84.90 billion, a price-to-earnings ratio of -5.29, a price-to-earnings-growth ratio of 8.53 and a beta of 1.07. 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 business's 50-day simple moving average is $21.78 and its 200-day simple moving average is $23.47.

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Analysts Set New Price Targets

Several research analysts have recently commented on the company. Bank of America reiterated an "underperform" rating and set a $21.00 price target on shares of Intel in a report on Tuesday, December 3rd. Mizuho reduced their target price on shares of Intel from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Friday, January 10th. Truist Financial increased their price target 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. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Intel from $27.00 to $25.00 and set a "hold" rating on the stock in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Intel in a research report on Friday, November 1st. Six equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Intel has a consensus rating of "Hold" and a consensus target price of $29.96.

Insider Transactions at Intel

In related news, EVP Michelle Johnston Holthaus sold 25,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 273,258 shares in the company, valued at approximately $7,104,708. The trade was a 8.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.04% of the company's stock.

Intel Company Profile

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.