From Nasdaq:

Intel stock (NASDAQ: INTC) is expected to publish its Q4 2023 results on January 25, with revenue for the quarter expected to come in at about $15.2 billion. Global PC shipments were down 2.7% in Q4 2023, and INTC stock has seen little change, moving slightly from levels of $50 in early January 2021 to around $45 now.

INTC stock remains a bit volatile, and the stock’s returns have shown inconsistent performance against the S&P 500. Analysts believe Intel stock may be overvalued, trading at about 25x consensus 2024 earnings, which they estimate to be about 20% below the current market price.

Invest with Trefis Market-Beating Portfolios, as the macroeconomic environment remains uncertain with high oil prices and elevated interest rates. Overall, a significant change in Intel stock is possible if it can beat earnings estimates.



Read more: Gaining 50% Over The Last 12 Months, Will Intel Stock Rally Further After Q4 Results?