Several analysts have predicted that the stocks of INTC would be posting an EPS of $1.07 for the quarter, according to reports. Around nine different investment analysts have already provided estimates into the earnings of the company, with the ball rolled at $1.05, and the highest range coming in at $1.14. The EPS reported by the company during this period was $1.23, which is indicative of a negative annual growth rate of 13%. The company will be putting up its next quarterly report on the 22nd of July.
The Quarterly Estimates Of INTC
The stocks of INTC previously released the quarterly reports on the 21st of April. The EPS reported by the company during this period was $1.39 which was more than the consensus estimate of $1.15. The revenue generated by the company during this period was $18.60 billion, which was compared to the analyst expectation of about $17.97 billion. The net margin for the company was 28.10%, with a 29.44% return on equity.
There have been quite a few research equities that have commented on the stocks of INTC. Needham & Company LLC has already reduced the price target of the company from $74 to $70 with a rating of buy in a 29th April research report. Sanford C. Bernstein has also put up a price target of $$3 with a rating of sell in a 24th March research report. Roth Capital has also increased the price target of the company from $60 to $65 with a rating of neutral in a 30th March research report. JPMorgan Chase & Co has put up a price target of $80 with a rating of buy in a 7th April research note.
Twelve investment analysts have already given the company a rating of sell, while twelve others have issued the company with a rating of hold. Close to thirteen different research analysts have provided the company with a rating of buy. Currently, INTC has a hold rating with a $63.59 price target.