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Intel Third Quarter Earnings Preview
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In the lead up to Intel's (Nasdaq:INTC) announcement of its third quarter earnings on Tuesday, October 16, 2012 analysts' expectations have fallen over the past month to earnings of 50 cents per share from earnings of 53 cents per share.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: The consensus estimate is down from three months ago when it was 65 cents. Analysts are expecting earnings of $2.14 per share for the fiscal year.
Revenue for the quarter is expected to be $13.2 billion, short of last year's reported figure of $14.23 billion by 7.3%. Revenue of $53.46 billion is expected for the fiscal year.
Company Performance: These last four quarters have marked revenue growth. It rose 3.6% in the second quarter, 0.5% in the first quarter, 21.2% in the fourth quarter of the last fiscal year and 28.2% in the third quarter of the last fiscal year.
P/E ratio for INTC is 9.2. The price/earnings ratio is calculated by taking a stock price and dividing it by the earnings-per-share (EPS). To determine the P/E ratio, an investor divides the market price of the stock by the earnings-per-share (EPS) of the stock. SEE: Investment Valuation Ratios: Price/Earnings Ratio
The stock price has fallen 13.8% since July 13, 2012, from $25.25 to $21.76. The price is within 6 cents of its 52-week low, which was set on October 10, 2012 at $21.70. Intel's worst recent stretch was when its stock price fell $2.49 per share between August 10, 2012 and September 5, 2012.
The Competition: Intel develops advanced integrated digital technology products for industries such as computing and communications. Twenty-three of 40 analysts rate Intel a hold. This marks a small improvement, as the number of buy ratings has risen slightly over the past three months.
The company's closest competitor in the semiconductors industry is Texas Instruments (TXN). Analysts are less optimistic about Intel than about Texas Instruments. Thirteen out of 35 analysts rate the latter a buy compared to 15 of 40 for the former.
In most situations, when earnings do not meet analyst estimates, a business' stock price will tend to drop. On the other hand, when actual earnings beat estimates by a significant amount, the share price will likely surge. SEE: 12 Things You Need To Know About Financial Statements
What to Expect: The consensus estimate is down from three months ago when it was 65 cents. Analysts are expecting earnings of $2.14 per share for the fiscal year.
Revenue for the quarter is expected to be $13.2 billion, short of last year's reported figure of $14.23 billion by 7.3%. Revenue of $53.46 billion is expected for the fiscal year.
Company Performance: These last four quarters have marked revenue growth. It rose 3.6% in the second quarter, 0.5% in the first quarter, 21.2% in the fourth quarter of the last fiscal year and 28.2% in the third quarter of the last fiscal year.
The stock price has fallen 13.8% since July 13, 2012, from $25.25 to $21.76. The price is within 6 cents of its 52-week low, which was set on October 10, 2012 at $21.70. Intel's worst recent stretch was when its stock price fell $2.49 per share between August 10, 2012 and September 5, 2012.
The Competition: Intel develops advanced integrated digital technology products for industries such as computing and communications. Twenty-three of 40 analysts rate Intel a hold. This marks a small improvement, as the number of buy ratings has risen slightly over the past three months.
The company's closest competitor in the semiconductors industry is Texas Instruments (TXN). Analysts are less optimistic about Intel than about Texas Instruments. Thirteen out of 35 analysts rate the latter a buy compared to 15 of 40 for the former.
by
Investopedia Staff
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