Important points
Intel is scheduled to report earnings after the market closes on Thursday. Analysts expect the chipmaker to fall into the red and Intel’s revenue to decline from a year ago. Analysts expect revenue to fall 8% from a year ago to about $13 billion. , had a net loss of $955 million, or 23 cents per share.
Intel (INTC)’s third-quarter results are scheduled to be released after the closing bell on Thursday. Analysts are not bullish on the struggling chipmaker, with Wall Street generally looking for losses and expecting the stock to have relatively little upside.
Of the 17 Intel-focused brokers tracked by Visible Alpha, 13 have a “hold” rating, three have a “sell” rating and only one has a “buy” rating. . Intel stock has lost more than half its value this year, closing at $22.90 on Tuesday. The consensus price target is $25.87, representing an approximately 13% premium to today’s closing price.
Wedbush analysts said they “expect a bad Halloween” for Intel. The company says the PC market is slowing and Intel is at a disadvantage against rival Advanced Micro Devices (AMD) in the server market.
Intel’s revenue decline and net loss as seen by analysts
Analysts expect sales to decline 8% from a year ago to $13.03 billion, with a net loss of $955 million, or 23 cents per share, according to Visible Alpha.
Wedbush is highly skeptical that Intel will meet or exceed those expectations, saying the company’s only hope for third-quarter performance is that “the (latest) outlook is extremely “We are conservative and do not apply even in situations that are disadvantageous to multiple businesses.” That’s enough to make a mistake. ”
