Intel Corporation [NASDAQ:INTC] will report earnings after markets close on Thursday, January 21st.
INTC Earnings Forecast For The Current Quarter
Intel Corporation [INTC] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $17.49B and an earnings per share of $1.1 for Dec 2020. Looking further ahead, the company is expected to report revenue of $16.06B at an EPS of $0.93 for Mar 2021. The estimates represent downside of -7.30% and -7.72% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
INTC Earnings Estimates For The Current Year
For the financial year, Intel Corporation [NASDAQ:INTC] is expected to bring in revenue of $75.39B. The returns are nearly $3.42 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 4.9, higher than that of FY19 by $0.03. Estimates put this year’s earnings growth at 0.60%, -7.80% for the next, and at an annual 5.03% over the next 5-year period. As for sales, forecasts are for an increase of 4.80% in the current fiscal year and a further -7.30% over the following year.
INTC Price Performance
On Wall Street, Intel Corporation [NASDAQ:INTC] finished Tuesday’s session up 0.71% at $57.99. The stock went up to $58.34 at the same session while its lowest single day price was $57.10. In the last five days, it saw a rise of about 12.51%, Intel Corporation shares gained by almost 16.40% since the beginning of the year. However, the share price has dropped to as low as -16.31% below its one year high. On 01/13/21, the company shares recorded $60.25, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $49.33. The company’s shares have declined by -2.70% in the past year. The 50-day SMA achieved is $49.19 while the 200-day SMA is $53.53. Volume dropped to 35.65 million from 50.27 million in the previous session.
Intel Corporation [INTC] Valuation Measures
Notably, Intel Corporation [INTC] stock can be classified as a good candidate in the listing of underestimated low-priced Semiconductors companies to purchase soonest possible with the prevailing 12-month PE ratio of 11.37. The measure means the stock is exchanging at a discount as compared to the 34.62x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 3.13 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.71 which means INTC serve an attractive investment opportunity compared to its competitors.
INTC Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 57.99 level, and in case of violation of this particular level, it will cause more drop to 57.28 level. On the upper level, 59.76 is still the key resistance. The stock may increase to the subsequent resistance at 59.05. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.83, implying a overbought technical stance while the MACD stands at 5.44, meaning price will increase in the next trading period. Percent R indicator moved to 16.42%, implying bullish price movement. Stochastic %K at 81.59% suggest selling the stock.
Is Intel Corporation [NASDAQ:INTC] a Good Buy Right Now?
It should be noted that INTC technical indicators for short, intermediate as well as long term progress have placed an overall average of 24% as Buy. The average signal changed from 8% Buy in the last week and compares with 24% Sell in the past month. Data from Intel Corporation’s Trend Spotter indicated that the signals were Weakest. The stock current average is 47.17 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 39.8 million shares while the medium term average advocated for 50% Sell. The average long-term signal stands at 50% Buy and the 100-day average volume stands at 36.46 million shares.
What is the short interest in Intel Corporation?
Short interest in the Intel Corporation stock has plunged, decreasing by -17.67 million shares to total 68.24 million shares on Dec 30, 2020. The interest had seen shares on Nov 29, 2020 stand at 50.57 million, data from Yahoo Finance shows. The increase of 25.89% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 1.67% of the overall float for the stock.
Intel Corporation’s Biggest Shareholders: Who Owns Intel Corporation [INTC]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 333,682,932 shares or roughly 8.14% of the outstanding INTC shares. This means their shares have reduced by -2,702,084 from the 333,682,932 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $10,948,967,057. Details in the latest 13F filings reveal that SSgA Funds Management, Inc. disposed off their -1.81% stake valued at $9,265,457,539 while Capital Research & Management Co cut theirs at $4,972,812,096. During the last quarter, SSgA Funds Management, Inc. liquidated -3,431,667 of its shares in Intel Corporation while Capital Research & Management Co sold -10,870,502 shares. The Geode Capital Management LLC’s holdings currently number 74,501,177 shares at $4320323254.2300005. According to the firm’s last 13F report, Northern Trust Investments, Inc. shares in the company at filing stood at 55,875,716 shares, roughly $2,783,728,171.
What are analyst thoughts on Intel Corporation?
Looking forward to the Intel Corporation share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Intel Corporation stock at $58.00 within the next 12 months, which represents almost 0.02 per cent growth from its previous closing price of $57.99. The highest analysts’ target for Intel Corporation stock projections is $90.00 and the lowest one is $40.00. Still, 38 analysts sharing their consensus rating for INTC stock in 2021 agree that it is a Hold.