Intel Likely To Report Q3 Loss; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Intel Corporation INTC will release earnings results for its third quarter, after the closing bell on Thursday, Oct. 31.

Analysts expect the Santa Clara, California-based bank to report a quarterly loss at 2 cents per share, versus a year-ago profit of 37 cents per share. Intel projects to report revenue of $13.02 billion for the recent quarter, according to data from Benzinga Pro.

Intel recently announced plans to expand its chip packaging and testing facility in Chengdu, affirming its commitment to the mainland market despite a recent cybersecurity review recommended by a Beijing-backed group.

Intel shares fell 2.6% to close at $22.30 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.

• Rosenblatt analyst Hans Mosesmann maintained a Sell rating with a price target of $17 on Oct. 29. This analyst has an accuracy rate of 85%.
• Stifel analyst Ruben Roy reiterated a Hold rating and cut the price target from $28 to $25 on Oct. 25. This analyst has an accuracy rate of 83%.
• Goldman Sachs analyst Toshiya Hari maintained a Sell rating and cut the price target from $22 to $21 on Oct. 17. This analyst has an accuracy rate of 82%.
• Deutsche Bank analyst Ross Seymore maintained a Hold rating and lowered the price target from $27 to $25 on Oct. 3. This analyst has an accuracy rate of 83%.
• Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral and slashed the price target from $36 to $22 on Aug. 8. This analyst has an accuracy rate of 76%.

Considering buying INTC stock? Here’s what analysts think:

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