Intel Stock Slips Despite Upcoming Earnings Growth
• Intel (INTC) stock fell 1.3% in recent trading, underperforming broader markets like the S&P 500, Dow, and Nasdaq
• Intel is expected to report strong EPS and revenue growth in upcoming earnings, with estimates showing +425% EPS and +8.92% revenue
• Analysts have made no recent changes to Intel's consensus EPS estimates over the past 30 days
• Intel trades at a premium valuation compared to its industry average, with a forward P/E of 33.68 vs an industry avg of 27.08
• The Semiconductor - General industry, which Intel is part of, ranks in the top 27% of Zacks industries, suggesting potential for further outperformance