) is set to report third-quarter 2013 results on Oct 15. Last
quarter, it posted a 3% negative surprise. Let's see how things
are shaping up for this announcement.
Growth Factors This Past Quarter
The company's second-quarter earnings were below the Zacks
Consensus Estimate by a penny. Revenues were up sequentially but
down from the year-ago quarter. Weaker-than-expected PC demand
stemming from tablet cannibalization and restrained consumer
buying due to tighter budgets continued to impact results in the
The second quarter was strong for Intel in terms of sequential
margin growth. This was mainly attributable to higher volumes and
qualification of Haswell products for sale.
Our proven model does not conclusively show that Intel will
beat earnings this quarter. That is because a stock needs to have
both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
Both the Most Accurate estimate and the Zacks Consensus Estimate
stand at 53 cents. Hence, the difference is 0.00%.
Zacks Rank #3 (Hold):
Intel's Zacks Rank #3 (Hold) when combined with a 0.00% ESP makes
surprise prediction difficult.
We caution against stocks with Zacks Ranks #4 and 5
(Sell-rated stocks) going into the earnings announcement,
especially when the company is seeing negative estimate revisions
Other Stocks to Consider
You could consider other stocks with a positive earnings ESP
and Zacks Rank #1, 2 or 3 such as:
), with Earnings ESP of +1.00% and a Zacks Rank #1 (Strong
Micron Technology Inc.
), with Earnings ESP of +4.35% and a Zacks Rank #1 (Strong
Lithia Motors Inc.
), with Earnings ESP of +2.73% and a Zacks Rank #2 (Buy).
INTEL CORP (INTC): Free Stock Analysis Report
JARDEN CORP (JAH): Free Stock Analysis Report
LITHIA MOTORS (LAD): Free Stock Analysis
MICRON TECH (MU): Free Stock Analysis Report
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