The stocks of INTC closed their trading day at $50.26- as they moved on from their previous trading session. Interestingly, the stock has already outpaced the S&P 500 loss of around 0.13%. Meanwhile, the DOW index has already lost close to 0.23%, while NASDAQ gained close to 0.54%. As the market heads into the present day, the shares of this company have already gained close to 8.03% in the last one month. This has led to them already going beyond the gain by the Computer and Technology Sector- along with the S&P 500 gain.
Wall Street has been quite expectant about the positivity from INTC as the date for its next earnings comes up. On the earnings day, the company has already projected an EPS of $1.10 for every share- something which would be a decline of 27.63%. According to the latest estimate of consensus, the quarterly revenue is going to his $17.44 billion.
The Quarterly Earnings of INTC
Zacks Consensus Estimates is already calling for an EPS of $4.89 with a revenue of $75.33 billion. The results should definitely represent the changes taken place annually at a rate of 0.41% and 4.67%. Investors have been asked to take care of any single change that might take place according to the analyst estimates. Most of the revisions recently would definitely reflect the trends that are taking place in near-term business. In this case, any positive estimate would definitely highlight the profitability and business of the company.
Looking at the valuation of INTC, the company is setting up a PE ratio of 10.24. Since the Forward PE ratio throughout the industry is 28,94, the company seems to be trading in at a discount rate.