| | | Intel Earnings Preview: Will Growth Continue In 2017?
Jan. 25, 2017 9:15 AM ET
Bill Maurer
Summary
- Last quarter of Altera purchase tailwind.
- Does restructuring really kick in for 2017 earnings?
- What are capital return plans for the year?
On Thursday afternoon, we'll get fourth quarter earnings from chip giant Intel (NASDAQ: INTC). Shares of the company have done quite well over the past year, and are currently a little less than a dollar from their 52-week high. Intel is likely to announce a yearly revenue record on the back of the Altera purchase, but questions remain as to how much the growth story can continue into 2017. Today, I'll preview the earnings report and some key themes for this year, beyond these current expectations:
- Q4 company revenue guidance - $15.7 billion, plus or minus $500 million.
- Street expects $15.75 billion for revenues, 5.6% growth over prior year period.
- Street expects $0.75 in non-GAAP EPS, last year's GAAP figure was $0.74.
- For 2017, analysts looking for 3.5% additional revenue growth to $60.91 billion, with non-GAAP EPS of $2.81 (compared to current 2016 estimate of $58.83 billion in revenue and $2.67 in non-GAAP EPS).
- For Q1 2017, analysts looking for 5.3% revenue growth to $14.53 billion and non-GAAP EPS of $0.61, up 7 cents.
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