Jefferies analyst Mark Lipacis believes "high investor skepticism" exists regarding Intel's ability to meet its own forecast for an above seasonal Q3 and Q4. The company should meet or beat Q3 expectations, providing a good set-up for shares into the earnings report, Lipacis tells investors in a research note. He sees some risk to the consensus estimates for Q4, but thinks a guidance cut is already priced into shares. The analyst remains a buyer of Intel with a Buy rating and $36 price target.
Pre-earnings options volume in Intel is normal with calls leading puts 2:1. Implied volatility suggests the market is anticipating a move near 5.6%, or $1.96, after results are released. Median move over the past eight quarters is 7.8%.
Intel (INTC) is scheduled to report results of its fiscal first quarter after the market close on April 25, with a conference call scheduled for 5:00 pm ET. What to watch... To see the rest of the story go to thefly.com. See Story Here