© Reuters. Intel (INTC) Inventors’ are Hoping for No Surprises at Next Week’s Conference
Intel (NASDAQ:) CFO, David Zinsner will be speaking at the BofA Securities Global Technology Conference on June 7 at 5 PM ET. Investors are hoping guidance can be maintained in the wake of Microsoft’s (NASDAQ:) warning earlier related to a negative fx impact. Macro concerns like surging inflation, disrupted supply chains, and a possible recession are also top-of-mind for investors.
In 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.
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