Williams Financial Group Cuts Estimates on Intel (INTC); Downward Revision Expected July 17th
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Price: $34.50 +0.64%
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
21 Buy, 32 Hold, 9 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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Williams Financial Group maintains a 'Hold' on Intel (NASDAQ: INTC).
Analyst, Cody G. Acree, said, "Over the past few months, we have seen negative data points from the PC food chain continue to build, to the point that the broad consensus is extremely cautious regarding the potential for any material growth this year. Only, Intel has yet to negatively revise its FY2012 outlook, with an estimate for high-single digit growth." (Expects downward revision to be announced July 17th after the market close).
"We are reducing our Q2 estimate to $0.52 from $0.54, on a sales decrease to $13.551 billion from $13.680 billion...FY12 EPS decreases to $2.47 from $2.57 on a sales decrease to $56.394 billion from $57.312 billion...FY13 EPS decreases to $2.66 from $2.70 on a sales decrease to $61.404 billion from $61.590 billion."
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $26.16 yesterday.
Analyst, Cody G. Acree, said, "Over the past few months, we have seen negative data points from the PC food chain continue to build, to the point that the broad consensus is extremely cautious regarding the potential for any material growth this year. Only, Intel has yet to negatively revise its FY2012 outlook, with an estimate for high-single digit growth." (Expects downward revision to be announced July 17th after the market close).
"We are reducing our Q2 estimate to $0.52 from $0.54, on a sales decrease to $13.551 billion from $13.680 billion...FY12 EPS decreases to $2.47 from $2.57 on a sales decrease to $56.394 billion from $57.312 billion...FY13 EPS decreases to $2.66 from $2.70 on a sales decrease to $61.404 billion from $61.590 billion."
For an analyst ratings summary and ratings history on Intel click here. For more ratings news on Intel click here.
Shares of Intel closed at $26.16 yesterday.
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