Intel Corporation (NASDAQ:INTC) plans to report fourth-quarter and full-year financial results on Jan. 16, 2014, promptly after the close of market. Immediately following the earnings report, the company plans to publish a commentary by Stacy J. Smith, executive vice president and chief financial officer, at www.intc.com/results.cfm. A public webcast of Intel's earnings conference call will follow at 2 p.m. PST on Jan. 16.
Wall Street anticipates that the chip-maker will earn $0.52 per share for the quarter, which is 10.42% better than last year's $0.48 per share. iStock expects the Dow Jones member to beat Wall Street's consensus number. The iEstimate is $0.54; two pennies better than the street's outlook.
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Intel Corporation designs, manufactures and sells integrated digital technology platforms worldwide. The company operates through PC Client Group, Data Center Group, Other Intel Architecture, Software and Services, and All Other segments.
The blue-chip tech company is back to its beating ways. INTC topped Wall Street's view last quarter (Q3), which broke a string of two consecutive misses for the "Intel Inside" company. Prior to stumbling in Q1 and Q2, the NASDAQ 100 member had no problem topping the street's EPS view, bypassing the consensus at 13 quarters in a row.
On average, INTC's profits-per-share were $0.05 greater than analysts' projections, ranging from a miss of $0.02 to beating by a dime, twice.
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The three days surrounding earnings news have been mostly rewarding for investors. INTC shares gained ground 11 of the last 16 quarterly checkups. The chip-maker's price increased an average of 4.25% with a range of 0.50% to 9.30%.
Meanwhile, the profit scorecard turned INTC's tape red a handful of times, dropping anywhere from -0.4% to -4.70% while averaging -2.78%.
A $10,000 investment three-days before EPS and sold three-days afterwards would have netted $4,670 during the last four years. In other words, trading Intel's earnings announcements has been a winning proposition.
And, there is room for the NASDAQ 100 member's price to head higher based on the company's five-year price-to-earnings (P/E) and price-to-sales (P/S) history. As we type, Wall Street is paying 13.81 times earnings, which is a 15.64% discount from the half-decade average O/E of 16.37. Price-to-sales is marked down too, but not to the same degree as P/E. The current P/S ratio of 2.49 is 4.96% lower than the five-year norm of 2.62.
Overall: If Intel Corporation (NASDAQ:INTC) bests the street's consensus as the iEstimate and the company's history suggests, then INTC's price has room to move higher on multiple expansion.
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