Markets

Intel’s Estimates Lowered at Williams Financial; Expects Company to Lower Outlook Soon (INTC)

Computer processor maker Intel Corporation ( INTC ) on Monday received some tepid commentary from analysts at Williams Financial Group.

The firm maintained its "Hold" rating on INTC, but cut its earnings estimates for the company through 2013, citing a challenging PC market and expectations for lowered guidance.

A Williams analyst commented, "Over the past few months, we have seen negative data points from the PC food chain continue to build, to the point that the broad consensus is extremely cautious regarding the potential for any material growth this year. Only, Intel has yet to negatively revise its FY2012 outlook, with an estimate for high-single digit growth."

Accordingly, "We are reducing our Q2 estimate to $0.52 from $0.54, on a sales decrease to $13.551 billion from $13.680 billion…FY12 EPS decreases to $2.47 from $2.57 on a sales decrease to $56.394 billion from $57.312 billion…FY13 EPS decreases to $2.66 from $2.70 on a sales decrease to $61.404 billion from $61.590 billion."

Intel shares posted small losses in premarket trading Monday.

The Bottom Line

Shares of Intel ( INTC ) have a 3.44% dividend yield, based on Friday's closing stock price of $26.16. The stock has technical support in the $24 price area. If the shares can firm up, we see overhead resistance around the $28-$29 price levels.

Intel Corporation ( INTC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

INTC

Other Topics

Stocks