Deutsche Bank Previews Intel Corporation Ahead of Q3 Earnings

Loading...
Loading...
In the run-up to Intel Corporation's
INTC
third quarter earnings report, Deutsche Bank analyst, Ross Seymore issued a preview of his expectations for the quarter. Seymore commented, "We continue to believe INTC shares have a number of beneficial tailwinds going forward. In the near term, we expect solid 3Q results and 4Q guidance, the latter likely being somewhat of a rarity in the semi sector."
Q3 Estimates
  • Revenue: $14.4 billion
  • Gross Margin: +150 bps to 66 percent
  • EPS: $0.64
  • Buybacks: $4 billion
Q4 Estimates
  • Revenue: $14.5 billion
  • EPS: $0.61
  • Buybacks: $2.5 billion
Deutsche Bank currently rates Intel Corporation a Buy with a $40 price target.
Market News and Data brought to you by Benzinga APIs
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsDeutsche Bank
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...