What to Look for When Intel (INTC) Reports Q2 Earnings

Intel (INTC) is scheduled to report earnings for the 2016 second quarter tomorrow after the market close.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Intel (INTC) - Get Report  are up 0.11% to $35.09 this afternoon as the company prepares to report 2016 second quarter earnings tomorrow after the market close.

Analysts surveyed by Thomson Reuters are looking for earnings of 53 cents per share on revenue of $13.54 billion.

For the 2015 second quarter, Intel reported earnings of 55 cents per share on revenue of $13.2 billion.

After announcing a restructuring in April to focus on its transition to the cloud, analysts will be looking for Intel to report growth in its cloud-based business for this quarter, MarketWatch reports.

The Santa Clara-based digital technology company's data center and Internet of Things businesses have become its primary growth engines as its PC market declines.

Intel also recently struck a deal with Mobileye (MBLY) and BMW (BMWYY) to develop driverless car technology.

Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of B+.

The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, reasonable valuation levels and increase in net income.

TheStreet Ratings feels its strengths outweigh the fact that the company shows weak operating cash flow.

You can view the full analysis from the report here: INTC

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

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