Intel posted its quarterly earnings that surpassed expectations. However, the chipmaker issued guidance on second quarter that was less optimistic compared to analysts’ forecasts.
The company’s earnings came in at 87 cents per share vs. 81 cents as expected by analysts, according to Refinitiv.
Revenue fell -7% from the year-ago quarter to $18.35 billion, vs. $18.31 billion as expected by analysts, according to Refinitiv.
Intel expects adjusted second quarter-earnings per share to be 70 cents and $18.0 billion in revenue. Analysts polled by Refinitiv had predicted 83 cents in adjusted earnings per share on $18.38 billion in revenue.
Looking further ahead, Intel lifted its full fiscal year adjusted earnings guidance by 10 cents to $3.60 per share on $76 billion in revenue. Analysts surveyed by Refinitiv expected earnings of $3.50 per share and $75.78 billion in revenue.
The Moving Average Convergence Divergence (MACD) for INTC turned positive on February 29, 2024. Looking at past instances where INTC's MACD turned positive, the stock continued to rise in of 46 cases over the following month. The odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 62 cases where INTC's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where INTC advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .
INTC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on February 26, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on INTC as a result. In of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
INTC moved below its 50-day moving average on January 26, 2024 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for INTC crossed bearishly below the 50-day moving average on February 02, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 16 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where INTC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for INTC entered a downward trend on February 06, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. INTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.755) is normal, around the industry mean (8.877). P/E Ratio (109.550) is within average values for comparable stocks, (119.950). Projected Growth (PEG Ratio) (0.540) is also within normal values, averaging (2.508). Dividend Yield (0.011) settles around the average of (0.021) among similar stocks. P/S Ratio (3.404) is also within normal values, averaging (11.502).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. INTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a manufacturer of computer components and related products
A.I.dvisor indicates that over the last year, INTC has been loosely correlated with GFS. These tickers have moved in lockstep 52% of the time. This A.I.-generated data suggests there is some statistical probability that if INTC jumps, then GFS could also see price increases.