What is helping boost the share price is investor exuberance. Intel stock is up nearly 15% in the past month and more than 13% for the month of January, compared to a year-to-date gain of about 8.6% for the Nasdaq. Intel reports fourth-quarter results after markets close Thursday. Anything less than a solid beat is likely to hammer the stock.
Of 41 analysts covering the stock, just eight have a Buy or Strong Buy rating. There are 23 Hold ratings, and the other 10 firms rate the stock at Sell or Strong Sell. At a share price of around $30.00, the stock trades at its median price target. At the high target of $67.10, the implied upside is about 124%.
Fourth-quarter revenue is forecast at $14.5 billion, down 5.5% sequentially and by 25.4% year over year. Adjusted EPS are forecast at $0.20, down nearly 66% sequentially and by 81.6% year over year. For the 2022 fiscal year, Intel is expected to report EPS of $1.95, down 64.3%, on sales of $63.5 billion, down about 15%.
Intel stock trades at a multiple of 15.3 times expected 2022 EPS, 16.0 times estimated 2023 earnings of $1.86 and 11.4 times estimated 2024 earnings of $2.63 per share. The stock’s 52-week range is $24.59 to $52.72. Intel pays an annual dividend of $1.46 (yield of 4.82%). Total shareholder return over the past year is negative 40.1%.
Visa
After markets close Thursday, credit card issuer Visa Inc. (NYSE: V) reports its quarterly results. Over the past 12 months, the stock price has risen by nearly 11%.
At the company’s annual shareholders’ meeting on Tuesday, retiring CEO Al Kelly said Visa continues to “believe that stablecoins and central bank digital currencies have the potential to play a meaningful role in the payments space, and we have a number of initiatives underway.” Kelly also said that recent collapses in the cryptosphere have not resulted in any credit losses to the company. Of course, he also said that Visa’s investments in crypto were “immaterial” to Visa’s $474 billion market cap. There’s a real crypto fanboy for you.
Analysts are solidly bullish on the stock, with 31 of 35 brokerages rating the shares at Buy or Strong Buy. Three have a Hold rating, and one has a Sell rating. At a share price of around $224.00, the implied gain based on a median price target of $260.00 is about 16.1%. At the high price target of $290.00, the upside potential is 29.5%.
For Visa’s first quarter of fiscal 2023, revenue is forecast at $7.7 billion, down 1.1% sequentially but 9.1% higher year over year. Adjusted EPS are forecast at $2.01, up 4.2% sequentially and by 11.0% year over year. For the full fiscal year ending in September, consensus estimates call for EPS of $8.30, up 10.7%, on revenue of $31.92 billion, up 8.9%.
Visa stock trades at 27.0 times expected 2023 EPS, 23.3 times estimated 2024 earnings of $9.60 and 20.1 times estimated 2025 earnings of $11.15 per share. The stock’s 52-week range is $174.60 to $250.58. Visa pays an annual dividend of $1.80 (yield of 0.8%). Total shareholder return for the past 12 months was 11.76%.
Originally published at 24/7 Wall St.
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