Third-quarter revenue is forecast at $15.31 billion, down 0.1% sequentially and 18.2% lower year over year. Adjusted EPS are forecast at $0.33, up 13.2% sequentially but 80.7% lower year over year. For the 2022 fiscal year, Intel is expected to report EPS of 2.17, down 60.4%, on sales of $65.35 billion, down about 12.5%.
Intel stock trades at aabout 12.7 times expected 2022 EPS, 10.9 times estimated 2023 earnings of $2.51 and 9.8 times estimated 2024 earnings of $2.80 per share. The stock’s 52-week range is $24.59 to $56.28. Intel pays an annual dividend of $1.46 (yield of 5.33%). Total shareholder return over the past year is negative 42.7%.
T-Mobile
T-Mobile US Inc. (NASDAQ: TMUS) posted its 52-week high in late August. In July 2021, the company posted an all-time high of more than $150.00, and it came within a couple of dollars of matching that six weeks ago. Over the past 12 months, the stock price has risen by more than 21%.
By comparison, share prices for main rivals AT&T and Verizon are down by 31%. Subscriber growth was a key for AT&T and is expected to perform similarly for T-Mobile. Some research has shown that parents have doubled their purchases of cell phones for six-year-old children following the May school shooting in Uvalde, Texas.
Analysts are nearly unanimously bullish on the stock, with 29 of 33 having a Buy or Strong Buy rating and three rating the shares at Hold. At a share price of around $140.60, the implied gain based on a median price target of $172.50 is about 22.7%. At the high target of $230, the implied gain is 63.6%.
Third-quarter revenue is forecast at $19.98 billion, up 1.4% sequentially and 1.8% higher year over year. Adjusted EPS are pegged at $0.50, down 74.4% sequentially and by 61.8% year over year. For the full 2022 fiscal year, analysts have forecast EPS of $2.05, down 52%, on sales of $80.82 billion, up 0.9%.
T-Mobile stock trades at about 68.6 times expected 2022 EPS, 22 times estimated 2023 earnings of $6.38 and 15.1 times estimated 2024 earnings of $9.30 per share. The stock’s 52-week range is $101.51 to $147.02. The company does not pay a dividend, and total shareholder return for the past 12 months was 21.3%.
U.S. Steel
Over the past 12 months, shares of United States Steel Corp. (NYSE: X) have lost nearly 13% of their value. For the year to date, shares are down 9.4%, after posting a loss of nearly 30% as recently as early July. Rebar steel prices have dipped nearly 30% since May. Flatolled steep prices dropped 15% in the third quarter, leading U.S. Steel to lower its guidance last month. Demand has dropped from both the construction and auto industries, and expectations for the quarter have been reduced to reflect that.
Of 10 brokerages covering the shares, only three have a Buy or Strong Buy rating. Another five rate the stock at Hold. At a price of around $21.40 a share, the upside potential to a median price target of $22.25 is about 4%. At the high target of $37.00, the upside potential is nearly 73%.
Third-quarter revenue is expected to come in at $4.99 billion, down 20.6% sequentially and down 16.3% year over year. Adjusted EPS are forecast at $1.99, down 48.5% sequentially and by 62.9% year over year. For the 2022 fiscal year, analysts expect U.S. Steel to post EPS of $9.70, down 28.1%, on sales of $20.75 billion, up 2.3%.
U.S. Steel stock trades at 2.2 times expected 2022 EPS, 8.1 times estimated 2023 earnings of $2.66 and 11.8 times estimated 2024 earnings of $1.81 per share. The stock’s 52-week range is $16.41 to $39.25, and the company pays an annual dividend of $0.20 (yield of 0.93%). Total shareholder return for the past 12 months was negative 12.2%.
Originally posted at 24/7 Wall St.
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