Intel Corporation INTC is scheduled to report its fourth quarter –fiscal 2015- financial results after the market closes on Thursday.
Management guided for revenue in the $14.3 billion to $15.3 billion range. The midpoint, which stands at $14.8 billion, implies a small increase from the $14.721 billion in sales reported a year ago.
The Street and the crowd also envision a slight surge in revenue. However, they are also expecting a year-over-year decline in earnings of at least 13.5 percent.
Intel is reporting its fourth quarter financial results on Thursday afternoon. In the same quarter last year, the tech behemoth delivered earnings of $0.74 per share on revenue of $14.721 billion. For the current quarter, management guided for revenue in the $14.3 billion to $15.3 billion range – but did not provide an earnings outlook.
As it can be seen in the chart above, expectations for the quarter are quite low. The crowd is projecting sequentially flat consensus earnings of $0.64 per share on revenue of $14.817 billion, very close to the midpoint of guidance. The Street, for its part, is modeling consensus earnings of $0.63 per share on sales of $14.803 billion. These estimates imply almost flat year-over-year revenue and a decline in earnings of at least 13.5 percent.
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However, one thing should be noted from the chart above: Intel has tended to beat estimates in the last eight quarters.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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