Intel (INTC) will be reporting earnings after the close. The company makes a good habit of beating estimates on both revenue and earnings over time and there are high expectation that the same will be true for this quarter.
The current consensus of the 56 analysts is a buy rating. Over the past four weeks analysts have decreased their rating and have increased it over the past three months. For this quarter’s earnings report, analysts will be looking for EPS of $0.53 and revenue of $12,841.83 million. Company guidance will also be a key issue as analysts are expecting next quarter’s EPS and revenue of $0.57 per share and $13,431.00 million respectively. Looking out further, estimates are for EPS of $2.54 on sales of $56,888.57 million for the full year.
Option traders are pricing in the potential for a post earnings move of 3.95% – indicating a limited range of expected movement.
Intel Corp is currently in a trending pattern, signified by it’s price trading higher than the current TriggerPoint resistance (Red Line), which often displays greater volatility. Technical indicators are currently showing us that prices are trending up, as signified by the stair stepping up of thepoint of control (blue line). As this security is trending higher, it may be a higher probability trade to look to buy on the TriggerPoint support levels (green lines) depending on the outcome of the earnings. In terms of directional movement of the security and the earnings release, Intel Corp shows a high degree of correlation in price action to surprises in revenue.
The full report follows.
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