Join        Login             Stock Quote

Intel Earnings Preview - First Quarter 2010

 April 09, 2010 10:46 AM

Intel (INTC) will be the second Dow stock to report their first quarter earnings season next week. The semiconductor stock is scheduled to report their first quarter 2010 results after the market closes on Tuesday, April 13.

Last quarter, Intel delivered solid fourth quarter results that exceeded Wall Street's estimates on both the top and bottom lines. However, Intel's stock declined over 3% following the earnings release and continued sliding into early February.

We are anticipating another strong quarterly performance as various industry sources are pointing to increased demand. Intel also has the benefit of extremely favorable comp's this quarter, as the first quarter of 2009 was the low point in the recession (at least in terms of quarterly revenues).

[Related -Intel Corporation (INTC): An 18.1% Yield From Intel?]

In 2009, Intel's revenue's declined nearly 7% as the company weathered the downturn in the economy. Despite the sales declines, Intel's stock gained over 39% last year. That strong stock performance has carried over into 2010, with Intel's shares up over 9% since the beginning of the year..

On January 14, Intel provided first quarter revenue guidance of $9.30 - $10.10 billion. The current Wall Street consensus estimates are slightly above the midpoint of Intel's guidance range, with revenues of $9.81 billion and EPS of $.38. We at EarningsPreviews.com are forecasting slightly better results, with first quarter revenue of $9.92 billion and $.39 EPS.

[Related -Advanced Micro Devices, Inc. (AMD) Reports Today: The Game's Afoot]

Intel is now trading at 12x consensus 2011 EPS estimates. This is below the relative valuations of their peer group. Intel remains one of our favorite Dow stocks given their strong balance sheet and favorable outlook as they continue to distance themselves from competitors like Advanced Micro Devices (AMD). 



Comments Closed

rss feed

Latest Stories

article imageAutomating Ourselves To Unemployment

In this current era of central planning, malincentives abound. We raced to frack as fast we could for the read on...

article imageFed: Waiting For June… Or Godot?

The Federal Reserve left interest rates unchanged yesterday, as widely expected. But the possibility of a read on...

article imageThe Single Best Place To Invest Your Money For Retirement

It was never supposed to be this daunting. At least that's what we were read on...

article imageNegative Blowback From Negative Interest Rates

The Federal Reserve is widely expected to leave interest rates unchanged today. But perhaps standing pat read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.