Intel Corp Third Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Intel Corp (NASDAQ:INTC) will unveil its latest earnings on Tuesday, October 18, 2011. Intel develops advanced integrated digital technology products for industries such as computing and communications.

Intel Corp Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 61 cents per share, a rise of 17.3% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 58 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 61 cents during the last month. Analysts are projecting profit to rise by 15.1% versus last year to $2.36.

Past Earnings Performance: Last quarter, the company beat estimates by 8 cents, coming in at net income of 59 cents a share versus the estimate of profit of 51 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $13.9 billion in revenue this quarter, a rise of 25.2% from the year ago quarter. Analysts are forecasting total revenue of $53.99 billion for the year, a rise of 23.8% from last year’s revenue of $43.62 billion.

Analyst Ratings: 24 out of 38 analysts surveyed (63.2%) have a buy rating on Intel.. This is below the mean analyst rating of 10 competitors, which average 65.7% buy ratings.

A Look Back: In the second quarter, profit rose 2.3% to $2.95 billion (54 cents a share) from $2.89 billion (51 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 21.1% to $13.03 billion from $10.77 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 29.4% in the first quarter and 39.4% in the fourth quarter of the last fiscal year.

Revenue has risen the past four quarters. Revenue rose 24.7% in the first quarter from the year earlier, climbed 8.4% in the fourth quarter of the last fiscal year from the year-ago quarter and 18.2% in the third quarter of the last fiscal year.

Competitors to Watch: Advanced Micro Devices, Inc. (NYSE:AMD), Texas Instruments Inc. (NYSE:TXN), Intl. Business Machines Corp. (NYSE:IBM), Microsoft Corporation (NASDAQ:MSFT), Apple Inc. (NASDAQ:AAPL), NVIDIA Corporation (NASDAQ:NVDA), Oracle Corporation (NASDAQ:ORCL), Micron Technology, Inc. (NASDAQ:MU), ARM Holdings plc (NASDAQ:ARMH), and QUALCOMM, Inc. (NASDAQ:QCOM).

Stock Price Performance: During August 16, 2011 to October 12, 2011, the stock price had risen $2.33 (11.2%) from $20.79 to $23.12. The stock price saw one of its best stretches over the last year between April 18, 2011 and April 29, 2011 when shares rose for nine-straight days, rising 18% (+$3.47) over that span. It saw one of its worst periods between August 29, 2011 and September 6, 2011 when shares fell for six-straight days, falling 3.7% (-76 cents) over that span. Shares are up $2.63 (+12.8%) year to date.

(Source: Xignite Financials)

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