Intel Q4 Earnings Preview
Intel Corporation (NASDAQ: INTC) Q4 results are due after the close on Thursday.
The Santa Clara, California-based chipmaker posted its last quarterly earnings of $0.64 per share for their fiscal period, which closed on September 30, 2015. Analysts have shared their previews this week on Intel's upcoming earnings.
Shares of Intel have been seen recently trading up at 1.72 percent on Thursday.
Roth Capital: Buy Rating, PT Of $31.91
On Thursday, Roth Capital Partners analysts issued a Buy rating with a $31.91 PT on Intel. "While PC industry volumes may decline by 7 to 10 percent in 2016, we expect modest improvements in 4Q15 and 2016 due to Windows 10 refresh with new Skylake platform offsetting weakness in Asia and losses in smartphone/tablet segment," the firm noted.
Roth Capital Partners also forecasts strength in datacenter, flash memory SSD and embedded/IOT platform demand and stable gross margins of 63 percent for Intel in 2016.
Summit Research: Buy Rating, PT Of $40
Summit Research issued a Buy rating with a PT of $40 on Monday for Intel.
"We expect Intel to meet C4Q15 revenue guidance and likely meet the EPS guidance as well. Windows 10 and Skylake should help in meeting and possibly beating the guidance. DCG (Datacenter group) should remain strong and with the help of Windows 10 and Skylake CCG (Client computing) should do better than expected. Server sales should have been seasonally strong as well," the firm commented.
Pacific Crest: Overweight Rating, PT Of $37
Analysts at Pacific Crest issued an Overweight rating with a PT of $37.00 on Monday for Intel.
"We expect Q4 results to exceed consensus estimates. Driven by stronger inventory restocking, order pull-ins from 1Q16 by PC OEMs, the launch of low end to midrange Skylake/Win10 models, better demand in China, and tablet saturation in emerging markets, notebook ODMs unit shipments closed flat q/ q in Q4, well above original expectations of a 6 percent q/q decline," the firm noted.
Image Credit: By M.O. Stevens (Own work) [GFDL or CC BY-SA 3.0], via Wikimedia Commons
Latest Ratings for INTC
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Morgan Stanley | Downgrades | Equal-Weight | Underweight |
| Feb 2022 | Raymond James | Upgrades | Underperform | Market Perform |
| Feb 2022 | BMO Capital | Maintains | Market Perform |
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