Intel Expected to Report a Loss in the Third Quarter; These Most Accurate Analysts Revise Predictions Ahead of Earnings Announcement – Intel (NASDAQ:INTC)

Intel Corporation INTC will report third quarter earnings results after the closing bell on Thursday, October 31st.

Analysts expect the Santa Clara, Calif.-based bank to report a quarterly loss of 2 cents per share, compared with a profit of 37 cents per share a year earlier. Intel expects revenue of $13.02 billion for its latest quarter, according to data from Benzinga Pro.

Intel recently announced plans to expand its chip packaging and testing facility in Chengdu, reaffirming 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 by visiting our Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s take a look at how Benzinga’s most accurate analysts have rated the company recently.

• Rosenblatt analyst Hans Mosesmann maintained his Sell rating with a price target of $17 on October 29. This analyst has an accuracy rate of 85%.
• Stifel analyst Ruben Roy reiterated a Hold rating and lowered the price target from $28 to $25 on October 25. This analyst has an accuracy rate of 83%.
• Goldman Sachs analyst Toshiya Hari maintained his sell rating and lowered the price target from $22 to $21 on October 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 October 3. This analyst has an accuracy rate of 83%.
• Mizuho analyst Vijay Rakesh downgraded the stock from Outperform to Neutral on August 8 and lowered the price target to $22 from $36. This analyst has an accuracy rate of 76%.

Are you considering buying INTC stock? This is what analysts think:

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