Intel Corporation (INTC) is Attracting Investor Attention: Here is What You Should Know

10.09.24 15:00 Uhr

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Intel (INTC) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this world's largest chipmaker have returned -1.5% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Semiconductor - General industry, to which Intel belongs, has gained 1.7% over this period. Now the key question is: Where could the stock be headed in the near term?While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.Revisions to Earnings EstimatesHere at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For the current quarter, Intel is expected to post a loss of $0.03 per share, indicating a change of -107.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.2% over the last 30 days.The consensus earnings estimate of $0.27 for the current fiscal year indicates a year-over-year change of -74.3%. This estimate has changed -20.3% over the last 30 days.For the next fiscal year, the consensus earnings estimate of $1.09 indicates a change of +304.9% from what Intel is expected to report a year ago. Over the past month, the estimate has changed -3.2%.Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Intel is rated Zacks Rank #4 (Sell).The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:12 Month EPSRevenue Growth ForecastWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.In the case of Intel, the consensus sales estimate of $13.01 billion for the current quarter points to a year-over-year change of -8.1%. The $52.19 billion and $55.6 billion estimates for the current and next fiscal years indicate changes of -3.8% and +6.5%, respectively.Last Reported Results and Surprise HistoryIntel reported revenues of $12.83 billion in the last reported quarter, representing a year-over-year change of -0.9%. EPS of $0.02 for the same period compares with $0.13 a year ago.Compared to the Zacks Consensus Estimate of $12.92 billion, the reported revenues represent a surprise of -0.7%. The EPS surprise was -80%.Over the last four quarters, Intel surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.Intel is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Intel. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks

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Nachrichten zu Intel Corp.

Analysen zu Intel Corp.

DatumRatingAnalyst
17.09.2024Intel NeutralUBS AG
17.09.2024Intel HoldDeutsche Bank AG
17.09.2024Intel Market-PerformBernstein Research
17.09.2024Intel UnderweightJP Morgan Chase & Co.
03.09.2024Intel Market-PerformBernstein Research
DatumRatingAnalyst
28.10.2022Intel OutperformCredit Suisse Group
01.08.2022Intel OutperformCredit Suisse Group
29.04.2022Intel OutperformCredit Suisse Group
15.02.2022Intel OutperformCredit Suisse Group
27.01.2022Intel OverweightJP Morgan Chase & Co.
DatumRatingAnalyst
17.09.2024Intel NeutralUBS AG
17.09.2024Intel HoldDeutsche Bank AG
17.09.2024Intel Market-PerformBernstein Research
03.09.2024Intel Market-PerformBernstein Research
13.08.2024Intel Market-PerformBernstein Research
DatumRatingAnalyst
17.09.2024Intel UnderweightJP Morgan Chase & Co.
02.08.2024Intel VerkaufenDZ BANK
02.08.2024Intel UnderweightJP Morgan Chase & Co.
05.06.2024Intel SellGoldman Sachs Group Inc.
26.04.2024Intel UnderweightJP Morgan Chase & Co.

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Intel Corp. nach folgenden Kriterien zu filtern.

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