Will Intel Corporation (INTC) Beat Analysts View?

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Intel Corporation (NASDAQ:INTC) integrated digital technology giant, is expected to report second quarter earnings results, after market close, on Thursday 23rd July 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.11 per share.

Looking ahead, the full year income are expected at $ 4.81 per share on the revenues of $ 73860.00 million.

The Company Outlook

Revenue for 2Q20 are expected in a range of $ 18,500.00 million ~ $ 18,500.00 million

Full Year 2020 topline are forecasted in a range of$ 73,500.00 million ~ $ 73,500.00 million, where as bottomline are predicted in a range of $ 5.00 ~ $ 5.00 per share

Click Here For More Historical Outlooks Of Intel Corporation

Previous Quarter Performance

Intel Corporation announced income for the first quarter of $ 1.45 per share, from the revenue of $ 19,828.00 million. The quarterly earnings grew 62.92 percent while revenues hiked 23.45 percent compared with the same quarter last year.
According to street consensus, INTC was expected to report 1Q20 income of $ 1.28 per share from revenue of $ 18698.20 million. The bottom line results beat street analysts by $ 0.17 or 13.28 percent, at the same time, top line results outshined analysts by $ 1,129.80 million or 6.04 percent.

Historical Earnings Performance
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Stock Performance

According to the previous trading day, closing price of INTC was $ 61.05, representing a 39.93 % increase from the 52 week low of $ 43.63 and a 11.89 % decrease over the 52 week high of $ 69.29.

The company has a market capital of $ 258.49 billion and is part of the Technology sector and Semiconductors industry.

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Recent Analyst recommendations

On 16th June 2020, downgraded by Morgan Stanley to Equal-Weight from Overweight rating.

On 15th June 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.

Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.33 per share on July 16, 2020. The dividend were payable on September 1, 2020 to holders of record as of the close of business on August 7, 2020 and ex-dividend date on August 6, 2020.

Conference Call

Intel Corporation will be hosting a conference call at 5:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.intel.com

Intel Corporation offers computing, networking, data storage, and communication solutions worldwide. It operates through Client Computing Group, Data Center Group, Internet of Things Group, Non-Volatile Memory Solutions Group, Programmable Solutions Group, and All Other segments. The company offers microprocessors, and system-on-chip and multichip packaging products.