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https://i-invdn-com.investing.com/news/LYNXMPEE771PO_M.jpgIn April, Intel already lowered its second-quarter guidance but raised its full-year guidance, making the year ‘back end loaded’ and increasing the risks that the numbers will be met.
For the second-quarter, the company sees EPS of $0.70 and revenue of $18 billion. For the year, they see EPS of $3.60 and revenue of $76 billion. Wall Street analysts are not confident about the full-year guidance, as they see EPS of $3.52 and revenue of $75.38 billion.
Intel shares are trading at a forward P/E of just 12.2x, assuming the ‘E’ (earnings) in the ratio can hold up.
The stock is down 13% year-to-date.