Leading up to Intel's announcement of its first-quarter earnings on Tuesday, April 14, 2015 analysts have become more wary as expectations have fallen over the past month to earnings of 40 cents per share from earnings of 49 cents per share.
The consensus estimate has dipped over the past three months from 51 cents. Analysts are expecting earnings of $2.14 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $12.76 billion by 1%, finishing at $12.90 billion for the quarter. For the year, revenue is projected to roll in at $55.71 billion.
Over the last four quarters, income has increased 34% on average year-over-year. In the most recent quarter, the company saw its greatest gain in income, when it increased 90% from the year-earlier quarter.
The company's revenue has risen for two straight quarters. In the fourth quarter, revenue increased 15% to $14.72 billion from the year earlier quarter. In the third quarter, the figure rose 8%.
The majority of analysts (55%) rate Intel as a buy. That percentage is still below the mean analyst rating of eight similar companies, which average 56% buys.
Intel develops advanced integrated digital technology products for industries such as computing and communications. Texas Instruments, also in the semiconductors industry, will report earnings on Wednesday, April 22, 2015. Analysts are expecting earnings of $0.62 per share for Texas Instruments, up 41% from last year's earnings of $0.44 per share. Other companies in the semiconductors industry with upcoming earnings release dates include: ARM Holdings and NVIDIA.
Earnings estimates provided by Zacks.
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