Intel (NASDAQ:INTC) Releases Q4 Earnings Guidance

Intel (NASDAQ:INTC) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.12 for the period, compared to the consensus estimate of $0.08. The company issued revenue guidance of $13.3-$14.3 billion, compared to the consensus revenue estimate of $13.66 billion. Intel also updated its Q4 2024 guidance to 0.120-0.120 EPS.

Analyst Ratings Changes

A number of analysts recently commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Intel in a research report on Friday, October 25th. TD Cowen upgraded Intel to a “hold” rating in a report on Monday, September 16th. Bank of America cut Intel from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $35.00 to $23.00 in a report on Friday, August 2nd. Benchmark restated a “hold” rating on shares of Intel in a report on Friday. Finally, Mizuho raised their price objective on shares of Intel from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday. Six analysts have rated the stock with a sell rating, twenty-five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Intel currently has a consensus rating of “Hold” and a consensus target price of $30.12.

Intel Stock Performance

Shares of NASDAQ INTC traded up $1.68 during midday trading on Friday, hitting $23.20. The company’s stock had a trading volume of 173,471,115 shares, compared to its average volume of 53,975,400. The firm has a market capitalization of $99.20 billion, a price-to-earnings ratio of -6.24 and a beta of 1.03. The company has a current ratio of 1.59, a quick ratio of 1.24 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $21.79 and a 200 day moving average price of $26.90. Intel has a one year low of $18.51 and a one year high of $51.28.

Intel (NASDAQ:INTC) last posted its earnings results on Thursday, August 1st. The chip maker reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.08). The company had revenue of $12.80 billion for the quarter, compared to analysts’ expectations of $12.92 billion. Intel had a negative return on equity of 1.68% and a negative net margin of 29.42%. The company’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.05) EPS. On average, research analysts forecast that Intel will post -0.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Patrick P. Gelsinger purchased 12,500 shares of the firm’s stock in a transaction dated Monday, August 5th. The shares were purchased at an average cost of $20.16 per share, for a total transaction of $252,000.00. Following the completion of the transaction, the chief executive officer now directly owns 37,975 shares in the company, valued at approximately $765,576. This represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.04% of the stock is owned by corporate insiders.

About Intel

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.