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Here's What to Expect from Intel's (INTC) Q4 Earnings Thursday
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Intel (INTC - Free Report) saw its stock price dip slightly during regular trading Wednesday, one day before the chip powerhouse is set to release its fourth quarter financial results. So, let’s check out what investors should expect from Intel after the closing bell Thursday.
Quick Overview
Wall Street will be watching Intel closely because the world’s largest semiconductor manufacturer helps to gauge the market’s overall health, which is increasingly important after reports earlier this week said that China’s economy grew at its slowest pace since 1990. Meanwhile, Alibaba (BABA - Free Report) , Apple (AAPL - Free Report) , and other firm’s quarterly outlooks appear to show signs of a slowing Chinese economy as well (also read: What to Expect from Alibaba Earnings Amid Chinese Economic Slowdown).
Fellow chip firms Texas Instruments (TXN - Free Report) , Nvidia (NVDA - Free Report) , and Advanced Micro Devices (AMD - Free Report) will also help paint a picture of the market’s overall health over the next few weeks. With that said, investors should pay attention to any updates on Intel’s 10-nanometer-based systems, which are due out by the 2019 holiday season.
Q4 Estimates
Intel’s Q4 revenues are projected to climb 11.5% to reach $19.01 billion, based on our current Zacks Consensus Estimate. This would represent a slowdown from Q3’s 19% growth.
More specifically, Intel’s Client Computing revenues are expected to jump roughly 9.9% to hit $9.841 billion, based on our NFM estimates. Investors should note that Client Computing revenues surged 15.5% in Q3.
Meanwhile, INTC’s Data Center business revenues are projected to soar 23.5% from $5.582 billion in the year-ago quarter to touch $6.894 billion. Last quarter, DC unit revenues climbed roughly 26%. Lastly, Intel’s IoT division is expected to reach $790.75 million, which would mark a 10% decline from the year-ago period’s $879 million.
Moving onto the bottom end of the income statement, Intel’s adjusted Q4 earnings are projected to surge 12.9% to hit $1.22 per share. We should note that this bottom-line estimate marks a downturn from Q3’s 39% expansion and Q4 2017’s 37% climb.
Bottom Line
Intel is a Zacks Rank #3 (Hold) at the moment that sports an “A” grade for Growth and a “B” for Value in our Style Scores system. Intel is expected to report its Q4 financial results after the market closes on Thursday. Make sure to come back to Zacks for a complete breakdown of INTC’s actual Q4 results.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
Image: Bigstock
Here's What to Expect from Intel's (INTC) Q4 Earnings Thursday
Intel (INTC - Free Report) saw its stock price dip slightly during regular trading Wednesday, one day before the chip powerhouse is set to release its fourth quarter financial results. So, let’s check out what investors should expect from Intel after the closing bell Thursday.
Quick Overview
Wall Street will be watching Intel closely because the world’s largest semiconductor manufacturer helps to gauge the market’s overall health, which is increasingly important after reports earlier this week said that China’s economy grew at its slowest pace since 1990. Meanwhile, Alibaba (BABA - Free Report) , Apple (AAPL - Free Report) , and other firm’s quarterly outlooks appear to show signs of a slowing Chinese economy as well (also read: What to Expect from Alibaba Earnings Amid Chinese Economic Slowdown).
Fellow chip firms Texas Instruments (TXN - Free Report) , Nvidia (NVDA - Free Report) , and Advanced Micro Devices (AMD - Free Report) will also help paint a picture of the market’s overall health over the next few weeks. With that said, investors should pay attention to any updates on Intel’s 10-nanometer-based systems, which are due out by the 2019 holiday season.
Q4 Estimates
Intel’s Q4 revenues are projected to climb 11.5% to reach $19.01 billion, based on our current Zacks Consensus Estimate. This would represent a slowdown from Q3’s 19% growth.
More specifically, Intel’s Client Computing revenues are expected to jump roughly 9.9% to hit $9.841 billion, based on our NFM estimates. Investors should note that Client Computing revenues surged 15.5% in Q3.
Meanwhile, INTC’s Data Center business revenues are projected to soar 23.5% from $5.582 billion in the year-ago quarter to touch $6.894 billion. Last quarter, DC unit revenues climbed roughly 26%. Lastly, Intel’s IoT division is expected to reach $790.75 million, which would mark a 10% decline from the year-ago period’s $879 million.
Moving onto the bottom end of the income statement, Intel’s adjusted Q4 earnings are projected to surge 12.9% to hit $1.22 per share. We should note that this bottom-line estimate marks a downturn from Q3’s 39% expansion and Q4 2017’s 37% climb.
Bottom Line
Intel is a Zacks Rank #3 (Hold) at the moment that sports an “A” grade for Growth and a “B” for Value in our Style Scores system. Intel is expected to report its Q4 financial results after the market closes on Thursday. Make sure to come back to Zacks for a complete breakdown of INTC’s actual Q4 results.
Zacks' Top 10 Stocks for 2019
In addition to the stocks discussed above, wouldn't you like to know about our 10 finest buy-and-holds for the year?
From more than 4,000 companies covered by the Zacks Rank, these 10 were picked by a process that consistently beats the market. Even during 2018 while the market dropped -5.2%, our Top 10s were up well into double-digits. And during bullish 2012 – 2017, they soared far above the market's +126.3%, reaching +181.9%.
This year, the portfolio features a player that thrives on volatility, an AI comer, and a dynamic tech company that helps doctors deliver better patient outcomes at lower costs.
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