Surging Earnings Estimates Signal Upside for Intel (INTC) Stock

Core Viewpoint - Intel (INTC) shows a significant improvement in earnings outlook, making it an attractive investment option as analysts continue to raise earnings estimates for the company [1][3]. Estimate Revisions - The trend in estimate revisions reflects growing analyst optimism regarding Intel's earnings prospects, which is expected to positively impact its stock price [2]. - For the current quarter, Intel is projected to earn $0.07 per share, indicating a year-over-year decline of 46.2%. However, the Zacks Consensus Estimate has increased by 60.84% in the last 30 days, with three estimates going higher and four going lower [6]. - For the full year, Intel is expected to earn $0.31 per share, representing a year-over-year increase of 338.5%. In the past month, 13 estimates have been revised upward with no negative revisions [7]. Zacks Rank - Intel currently holds a Zacks Rank 2 (Buy), attributed to favorable estimate revisions. This ranking system has a proven track record of helping investors capitalize on earnings estimate trends [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - Intel's stock has gained 23.8% over the past four weeks, driven by solid estimate revisions, suggesting potential for further growth in earnings [9].