Intel Gears Up For Q3 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Intel Corporation INTC is expected to release financial results for its third quarter, after the closing bell on Oct. 26, 2023.

Analysts expect the company to post quarterly earnings at 20 cents per share, down from year-ago earnings of 59 per share. The company’s revenue might come in at $12.74 billion, compared to $15.25 billion in the year-ago period.

Indian IT Minister Rajeev Chandrasekhar recently met with Keyvan Esfarjani, the Global COO of Intel, as revealed in a Twitter post.

Intel shares fell 5.1% to close at $32.83 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Needham analyst Quinn Bolton reiterated a Buy rating with a price target of $40 on Oct. 5, 2023. This analyst has an accuracy rate of 81%.
• Rosenblatt analyst Hans Mosesmann reiterated a Sell rating with a price target of $17 on Oct. 4, 2023. This analyst has an accuracy rate of 72%.
• Truist Securities analyst William Stein maintained a Hold rating and raised the price target from $32 to $37 on July 28, 2023. This analyst has an accuracy rate of 80%.
• BMO Capital analyst Ambrish Srivastava maintained a Market Perform rating and boosted the price target from $32 to $36 on July 28, 2023. This analyst has an accuracy rate of 77%.
• UBS analyst Timothy Arcuri maintained a Neutral rating and increased the price target from $35 to $38 on July 28, 2023. This analyst has an accuracy rate of 76%.

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