Intel (Nasdaq: INTC) is trading stronger heading into its
second-quarter earnings report, which is expected out after the
market closes Tuesday.
The company will be holding a call at 5:00pm EDT today.
to access the event.
Currently, the Street is looking for a 12 percent drop in profit to
52 cents per share on sales of $13.56 billion.
consensus numbers see sales of $13.58 billion and EPS at 54 cents,
slightly above analyst views.
Through the quarter, Intel shares fell 4.6 percent to $26.65 at the
end of June. The stock is down 5 percent since the end of June, but
up 6 percent from the start of 2012.
Notably, recent data from IDC and Gartner have the global PC market
contracting by about 0.1 percent in the second quarter, not a
positive indication for Intel or its peers.
Data from Bloomberg has 27 analysts at Buy on Intel, 25 with a
Neutral, and four at Sell.
The analyst price target average is $30, ranging from $22 to $34.
Numbers compare to Intel's 52-week trading range, which moved from
$19.16 to $29.27.
Shares are below the 50-, 100-, and 200-day moving averages as
- Williams Financial sees EPS of 52 cents with sales of $13.55
billion. The firm recently issued an update, trimming its fiscal
2012 outlook on Intel following comments from peer Advanced Micro
) last week, cutting its second-quarter outlook (for more on that
). Williams notes how Intel is basically the only company in the
segment which hasn't trimmed views for 2012. The firm thinks
Intel is likely to make a revision during the second-quarter
- JPMorgan sees Intel reporting sales of $13.5 billion, and EPS
of $0.59. Sales would be slightly below the midpoint of Intel's
outlook. In addition, the firm thinks Intel's guidance for Q3
will show a 4 percent sequential increase to $14 billion, which
is below the normal average of a 9 percent increase.
JPMorgan notes that AMD and Intel are about 85 percent exposed to
the PC end market.
- Wells Fargo is looking for EPS of $0.51 and revs of $13.6
billion. Unlike the above two firms, Wells is more positive on
Intel, seeing the firm grabbing market share from AMD, easy
comps, Ivy Bridge demand in Ultrabooks, and Romley server chip
Looking ahead, Wells sees Q3 sales guidance up 9 percent to $14.8
billion, in-line with seasonal patterns.
On the call, Wells will be listening for: "[an update on]
recently announced alliance with ASML over development of next
generation EUV lithography technology, new smartphone wins for
Medfield and new Atom products for Micro Servers."
Stay tuned to StreetInsider.com's
section to see our analysis of the highly-anticipated quarterly
results within seconds of their release. You can also check out
Intel's past performance at Streetinsider's
Intel's Income Statement