JPMorgan Sees Intel (INTC) at Risk of Missing Q1 Estimates
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Rating Summary:
24 Buy, 39 Hold, 4 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 26 | New: 83
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JPMorgan analyst Chris Danely said Monday that Intel Corp. (NASDAQ: INTC) could miss the Street's estimates when it reports first quarter earnings on April 19.
Danely said, "IT Hardware Analyst, Mark Moskowitz, lowered his 2011 PC unit estimates from up 9.5% YoY to up 7.0% YoY due to several reasons: stalling PC demand in China, weak global consumer PC demand, demand leakage to tablets, an expected deceleration in commercial PC growth, and the elongation of the useful lives of PCs. In addition, the top four PC OEMs (over 50% of total PC demand) have all recently missed and/or lowered guidance, while a few notebook ODMs recently lowered 1Q11 shipment estimates."
The analyst said that the world's largest maker of microprocessors is at risk of missing the midpoint of its first quarter revenue guidance.
Shares of Intel are down 1.46 percent to $21.55 in midday market movement on Monday.
Danely said, "IT Hardware Analyst, Mark Moskowitz, lowered his 2011 PC unit estimates from up 9.5% YoY to up 7.0% YoY due to several reasons: stalling PC demand in China, weak global consumer PC demand, demand leakage to tablets, an expected deceleration in commercial PC growth, and the elongation of the useful lives of PCs. In addition, the top four PC OEMs (over 50% of total PC demand) have all recently missed and/or lowered guidance, while a few notebook ODMs recently lowered 1Q11 shipment estimates."
The analyst said that the world's largest maker of microprocessors is at risk of missing the midpoint of its first quarter revenue guidance.
Shares of Intel are down 1.46 percent to $21.55 in midday market movement on Monday.
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