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Will Intel’s Q3 Earnings Meet Analysts' Expectations?

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Semiconductor giant Intel is scheduled to release its third-quarter earnings on Oct. 22 after the markets close. Let’s look at analysts’ consensus expectations for the third quarter.

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When is Intel’s earnings date?

Intel will likely report its third-quarter results on Oct. 22 during the after-hours trading session. The semiconductor company has scheduled an earnings conference call on the same day at 5:00 p.m. ET.

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In the third quarter, Wall Street analysts expect Intel to post sales of $18.22 billion, which would be 5 percent lower than $19.19 billion in sales in the third quarter of 2019. Analysts also expect Intel to post an adjusted EPS of $1.10 in the third quarter compared to $1.42 in the same quarter a year ago. In the second quarter, Intel reported an adjusted EPS of $1.23 and sales of $19.7 billion.

Intel sells NAND business to SK Hynix

On Oct. 20, Intel agreed to sell its NAND memory chip business to SK Hynix for $9 billion in an all-cash deal. Intel will use the proceeds from the deal to focus on 5G, artificial intelligence, and edge computing.

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What is Intel’s stock price?

Intel stock trades on Nasdaq under the ticker symbol “INTC.” The stock was up about 0.4 percent at $54.79 in the pre-market trading session on Oct. 20 as of 9:20 a.m. ET. The stock rose 0.8 percent on Oct. 19 and closed at $54.58 with a market capitalization of $232.1 billion.

Intel stock has risen by 1.4 percent in the last five days and 4.9 percent in the last year. The stock is trading 21.2 percent below its 52-week high of $69.29 and 25.1 percent above its 52-week low of $43.63.

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What is Intel’s dividend yield?

As of Oct. 19, Intel’s dividend yield stands at 2.42 percent. Currently, the company pays an annual dividend of $1.32 per share. Intel’s next quarterly cash dividend payment will be made to stockholders of record on Dec. 1.

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What is Intel’s stock forecast?

Currently, analysts' stock price forecast for Intel is $56.59, which suggests a 3.7 percent upside. The highest target price of $82 implies a 50.2 percent upside, while the lowest target price of $42 suggests a 23 percent downside. Among the 41 Wall Street analysts tracking Intel, 23 recommend a buy, 13 recommend a hold, and five recommend a sell. 

Intel's investor relations

Intel has scheduled a third-quarter earnings conference call on Oct. 22 at 5:00 p.m. ET. Investors and analysts can access the live webcast of the call on the company’s investor relations website.

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