Intel (NASDAQ: INTC) will report its third-quarter results on Oct. 27, and analysts have set a low bar for the chipmaker. They expect its revenue and earnings to decline 15% and 81% year over year, respectively, as it grapples with slower PC sales in a post-pandemic world, macro headwinds for data center operators, and its ongoing market share losses to Advanced Micro Devices (NASDAQ: AMD).
For the full year, Wall Street expects Intel's revenue and earnings to drop 12% and 60%, respectively. That's why its stock price has declined more than 50% this year and trades at just nine times forward earnings.
Unfortunately, five red flags indicate Intel could still fail to clear those low expectations.
Source Fool.com