Intel (INTC) Stock: What Wall Street Expects From Earnings Today

TLDR Intel (INTC) stock sits at $95.53, down 32% from its June 22 record high but up 159% year to date. Analysts expect third-quarter adjusted earnings of 39 to 41 cents a share, up from 23 cents a year ago. Revenue is forecast at about $16.4 billion to $16.5 billion, up roughly 20% from last year. Options pricing points to a move of up to 8% by the end of the week, or a range of about $88 to $103. BofA expects a beat and a raised outlook, while UBS stays Neutral and trimmed its price target to $103. Intel (INTC) stock closed at $95.53 ahead of its third-quarter earnings report, which lands after the closing bell on Thursday. The stock has dropped 32% from its June 22 record high.

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