Intel Q4 Earnings Preview

Intel Corporation INTC reports Q4 earnings Thursday after the market close.

The company is estimated to post EPS of $0.66 per share on revenue of $14.70 billion.

In December, Bank of America named Intel as a Top Pick and maintained a $43 price target. Since mid-December, Intel shares are up 2.31 percent.

On Wednesday, Jefferies analyst Mark Lipacis raised the firm’s price target on Intel from $45 to $50 and commented that “PC & server trends suggest 4Q14 and 1Q15 consensus estimates are too low.”

Lipacis also named Intel as a Top Pick and estimated Q4 EPS would come in at $0.67, $0.01 higher than consensus.

Heading into earnings Intel was moving higher on Thursday and recently traded at $36.82, up 1.29 percent.