Intel 2Q Earnings Pregame Scorecard
Intel (NASDAQ:INTC) has topped Wall Street expectations for the last five quarters, and it will try to keep that streak alive as it reports the latest earnings on Tuesday.
Expectations
Analysts currently expect Intel to come in with earnings of 52 cents per share on revenues of $13.57 billion. Analyst estimates range from 50 cents per share to 56 cents per share. Over the past three months, the average estimate has moved down from 54 cents.
Last Quarter's Results
In the first quarter, profit fell 13.4% to $2.74 billion (53 cents a share) from $3.16 billion (56 cents a share) the year earlier, but exceeded analyst expectations. Revenue rose 0.5% to $12.91 billion from $12.85 billion.
Stock Ratings
Analysts think investors should stand pat on Intel with 20 of 39 analysts rating it hold. Analyst sentiment has been improving recently, as the average rating risen slightly over the past three months.
Stock Movement
In terms of price changes, the stock's best recent streak was when it gained $2.50 per share between June 1, 2012 and June 20, 2012. Looking at change over the last three months, April 13, 2012 and July 10, 2012, the stock price fell $2.53 (-9%), from $28.09 to $25.56.
Company Fundamental Trends In the aftermarth of a profit drop last quarter that a positive string of results, the company is looking to get back on track with this earnings announcement. Before falling in the first quarter, revenue rose 2.3% in the second quarter of the last fiscal year, 17.4% in the third quarter of the last fiscal year and 5.7% in the fourth quarter of the last fiscal year. On the top line, the company is looking to build on four-straight revenue increases heading into this earnings announcement. Revenue rose 21.1% in the second quarter of the last fiscal year, 28.2% in the third quarter of the last fiscal year and 21.2% in the fourth quarter of the last fiscal year before increasing again in the first quarter.
Summary
Reporting Period: 2Q
Date of Release: Tuesday, July 17, 2012
EPS: 52 cents
Revenue Estimate: $13.57 billion
(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)