This has resulted in an Earnings ESP of 0%. So what? The Company develops advanced integrated digital technology products, primarily integrated circuits, for industries such as computing and communications. Because of overarching competitive concerns, Intel stock is dirt cheap today. In an exclusive chat with Intel CEO Bob Swan, we explore the critical importance of high-tech manufacturing in the U.S. and how tech is changing our world. Another rumor has emerged – and provides another reason for Intel to be seriously worried. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. As those fears disappear in the coming quarters, this anemic valuation on Intel stock will disappear, too. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. X. Find the latest Earnings Report Date for Intel Corporation Common Stock (INTC) at Nasdaq.com. As all that happens, INTC stock — which is significantly undervalued today due to competition concerns — will rebound in a big way. Follow Patrick Seitz on Twitter at @IBD_PSeitz for more stories on consumer technology, software and semiconductor stocks. Copyright © That means this stock is trading at a measly 10-times 2020 earnings multiple. BREAKING: Stocks Jump As Dow Adds To Gains. Intel designs and manufactures computing and communications components, such as microprocessors, chipsets, motherboards, and wireless and wired connectivity products, as well as platforms that incorporate these components. Intel’s earnings were not good. Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So the fact that Intel went from growing at breakneck speed to declining revenues in a matter of months is not a great sign for the future of Intel. Trade Grade Revenue and margin trends will improve, and profits will bounce back. But that won’t happen. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. During the quarter Intel did not announce progress on its goal of increasing the ranks of women and minorities in leadership positions. Intel (INTC) reports earnings on 1/21/2021. Part of Intel's Evo program, the convertible's 3:2-ratio display has about 20% more vertical viewing space than typical 16:9 widescreens. Does Earnings Surprise History Hold Any Clue? Again, that’s not a great sign, because it basically says that whatever business Intel is winning in the CPU game today, is lower quality business. Personal computer chips accounted for 49.3% of the Intel's revenue in the March quarter. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy, timeliness, or completeness. 2020 InvestorPlace Media, LLC. Intel doesn't appear a compelling earnings-beat candidate. Copyright © 1998 - 2020 EarningsWhispers, - the professionals' earnings expectation. Big picture: Intel is down, but certainly not out. How to Own a Chunk of These Technochasm Building Blocks, There’s No Need to Rush Into Array Technologies Stock Just Yet, Matt McCall and the InvestorPlace Research Staff, Trump vs. Biden: Stocks to Buy No Matter Who Wins the White House, 10 Consumer Stocks for a Reliable Portfolio, Workhorse Stock Will Soar 200% When It Wins the USPS Contract, Workhorse Stock Looks Electric Ahead of the USPS Decision. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Intel stock reversed and ended that day down 0.7% to 60.36. Intel Corporation (INTC) latest earnings report: revenue, EPS, surprise, history, news and analysis. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. For Intel, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. Join thousands of investors who get the latest news, insights and top rated picks from StockNews.com! Revenues are expected to be $18.21 billion, down 5.1% from the year-ago quarter. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.53% per year. The New Daily 10X Stock Report: 98.7% Accuracy – Gains Up to 466.78%. And losing “monopoly” status is just fine, because the semiconductor market is on the cusp of enormous growth throughout the 2020s, as we increasingly pivot to a technology-driven society built on the back of CPU chips. Overall then, Intel’s third quarter earnings report was not good, and it makes complete sense that INTC stock crashed after the release. Intel did not provide full-year guidance because of "significant economic uncertainty" stemming from the Covid-19 coronavirus pandemic. If widely adopted, it would largely replace what was once considered the future: H.265/HEVC. © 2000-2020 Investor's Business Daily, Inc. All rights reserved. Real time prices by BATS. Advanced Micro Devices (NASDAQ: AMD) is one of the largest semiconductor companies with a near $100 billion market capitalization. October 15, 2020. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms and Conditions of Service. The future of all things streaming appears to be the up-and-coming AV1 format, a mostly-open, theoretically royalty-free codec supported by such giants as Amazon, Apple, Arm, Facebook, Google, Intel, Microsoft, Netflix, Nvidia, and Samsung. To see all exchange delays and terms of use, please see disclaimer. However, the model's predictive power is significant for positive ESP readings only. So, this combination makes it difficult to conclusively predict that Intel will beat the consensus EPS estimate. Operating margin for the Data Center Group reached 32%, down from 49%. Business from cloud computing service providers boosted data center chip sales, Intel said. Copyright © 2020 InvestorPlace Media, LLC. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Analysts polled by Refinitiv had been looking for $1.07 in adjusted earnings per share and $17.36 billion in revenue. As they do, depressed and undervalued INTC stock will rip higher. But I also think that this bear thesis lacks scope and is unnecessarily short-sighted. Visit performance for information about the performance numbers displayed above. Intel beat estimates overall as work from home continued because of the coronavirus pandemic. Average selling price across the division was 15% lower than in the year-ago quarter. Unimpressive Intel Earnings Are No Deal Breaker For INTC Stock. Intel will ultimately bounce back over the next few years and strongly defend its global CPU leadership position. The INTC stock price today is $48. Guidance announcement made Thursday, October 22, 2020. Zacks Ranks stocks can, and often do, change throughout the month. Copyright © 2020. Going in, Intel was expected to earn $1.10 per share, so the reported $1.11 was a beat. If you wish to go to ZacksTrade, click OK. Below are the latest news stories about Intel Corp that investors may wish to consider to help them evaluate INTC as an investment opportunity.
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