Technology

Intel Corporation (NASDAQ:INTC) Expects to Report Earnings of $0.65 for the Current Quarter

Intel Corporation (NASDAQ:INTC) shares traded 0.16% during the most recent session the stock exchanged hands 27.24M shares versus average trading capacity of 20.66M shares, yielding a market cap of $174.79B. Wall Street analysts covering the stock are projecting that the stock will reach $39.979 within the next 52-weeks. The mean target projections are based on 33 opinions, the mean target was last revised on 04/24/17.

Taking a broader look brokerage firms’ analysts on the street with an expectant view have Intel Corporation (NASDAQ:INTC) high price target of $45.00 and with a conservative view have low price target of $30.00 with a standard deviation of $3.46. If seeing target price from optimistic overview then it has a 22 percent upside potential from the latest closing price of $36.93.

Intel Corporation (NASDAQ:INTC) received “Initiated” rating by Macquarie in a research note issued to investors on Mar-31-17 as Outperform at $40.

Additionally on Mar-15-17 Intel Corporation (NASDAQ:INTC) was “Downgraded” by Credit Suisse from Outperform to Neutral and on Mar-1-17 the stock was “Downgraded” by Bernstein from Mkt Perform to Underperform. Furthermore on Feb-10-17 the stock was “Downgraded” by Canaccord Genuity from Buy to Hold from $43 to $38.

On the other hand the company has Relative Strength Index (RSI 14) of 67.00 along with Average True Range (ATR 14) of 0.46, Consequently Intel Corporation (NASDAQ:INTC) weekly and monthly volatility is 1.19%, 1.22% respectively. The company’s beta value is at 1.01.

In terms of Buy, Sell or Hold recommendations, Intel Corporation (NASDAQ:INTC) has an analysts’ mean recommendation of 2.50. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

Analysts who have weighed in on projected earnings growth are expecting that Intel Corporation (NASDAQ:INTC) will report earnings of $0.65 for the current quarter on or around 4/27/2017 After Market Close, however the company’s high EPS estimates are $0.66 and low estimates are $0.64. However the company reported $0.54 earnings per share for the same quarter during last year.

Previously Intel Corporation (NASDAQ:INTC) reported $0.79 earnings per share (EPS) for the quarter on 1/26/2017 After Market Close, beating the consensus estimate of $0.75 by $0.04. The company posted an earnings surprise of 5.33%.

While considering growth estimates of the company, it has next quarter growth estimates of 8.50% whereas during current quarter it has 20.40% estimations over growth, comparing to the estimations of 2.90% during current year and 4.60% for next year. Past 5 years growth of Intel Corporation(NASDAQ:INTC)  observed at 6.76%, looking forward for the next 5 years it has a strong prediction of 8.16% over growth.

Intel Corporation (NASDAQ:INTC) revenue estimates for the current quarter are $14.81B according to 34 number of analysts, for the current quarter the company has high revenue estimates of $14.9B in contradiction of low revenue estimates of $14.77B. For the current year the company’s revenue estimates are $59.93B compared to low analyst estimates of $59.25B and high estimates of $61.3B according 41 number of analysts.

Currently Intel Corporation (NASDAQ:INTC) shares owned by insiders are 0.04%, whereas shares owned by institutional owners are 68.80%. However the six-month change in the insider ownership was recorded -21.39%, as well as three-month change in the institutional ownership was recorded -0.11%.

Intel Corporation (NASDAQ:INTC) trading -3.27% away from its 52 week high of $38.18 and +28.00% far from the stock’s low point over the past 52 weeks, which was $28.85. The stock hit its 52-week high on 1/27/2017, and 52-week low on 5/19/2016.The company’s trailing twelve month income is 10.32B dollars and is paying 2.95% dividend yield annually.

Intel Corporation (NASDAQ:INTC) trailing twelve month revenues are $59.39B, whereas its price to sales ratio for the same period is 2.95. Its book value per share for the most recent quarter is $13.98 while its price to book ratio for the same period is 2.64, as for as the company’s cash per share for the most recent quarter is $3.61, however its price to cash per share ratio for the same period is 10.23. The stock has a current PEG ratio of 2.14 where as its trailing twelve month P/E ratio is 17.45.

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