Main research reports for Intel, Lockheed Martin and IBM

Friday, March 4, 2022

Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Intel Corp. (INTC), Lockheed Martin Corp. (LMT) and International Business Machines Corp. (IBM). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.

You can see all today’s research reports here >>>

Intel shares are down -21.1% over the past year against Zacks Semiconductor – General Industry’s gain of +31.9%. However, Intel reported non-GAAP earnings of $1.09 per share in the fourth quarter of 2021, which beat Zacks’ consensus estimate of 21.1%.

The Zacks analyst believes the company is banking on strong prospects for the Internet of Things and Mobileye businesses. The recovery in the enterprise sector of the data center segment is positive. Intel is expected to benefit from increased demand for its 11th generation central processors based on the 10 nanometer (nm) SuperFin process.

Intel announced partnerships with ZEEKR and Sixt SE, and plans to unveil Mobileye’s robotaxi equipped with the Mobileye Drive system. However, the Client Computing group is expected to suffer due to a shortage of components. Production delays related to the 7nm ramp-up remain a concern.

(You can read the full Intel research report here >>>)

Shares of Lockheed Martin outperformed the Zacks Aerospace – Defense industry over the past year (+31.5% versus -28.2%). It is America’s largest defense contractor receiving a steady influx of orders through its leveraged presence in Army, Air Force, Navy and Space Technology programs. ‘information. The Zacks analyst believes that expansionary US budgets will also boost its activity. The F-35 program continues to be a key growth program for its Aerospace business unit. Over the past year, the stock has outperformed its industry.

However, America and Turkey’s tiff about the latter’s acceptance of Russian products could hurt its supply of components from Turkey. The company is facing performance issues with some of its products, which, in turn, may hurt its bottom line. In addition, uncertainty around a possible Chinese sanction against Lockheed could impact the latter.

(You can read the full Lockheed Martin research report here >>>)

Shares of IBM outperformed the industry Zacks Computer – Integrated Systems over the past year (+2.5% vs. +0.1%). IBM reported relatively healthy results in the fourth quarter of 2021 with solid hybrid cloud adoption supported by a resilient business model and a strong cash position thanks to diligent execution of operational plans. Despite year-over-year growth, earnings and adjusted revenue fell short of Zacks’ consensus estimate.

The Zacks analyst believes that the synergies of the Red Hat acquisition strengthen the company’s competitive position in the hybrid cloud market. IBM is set to benefit from the spin-off of the legacy infrastructure services business as it focuses on its hybrid cloud strategy. However, fierce competition in the cloud computing market from Amazon Web Services and Microsoft Azure remains an overhang. Higher debt levels amid major restructuring activities are a concern.

(You can read the full research report on IBM here >>>)

Other noteworthy reports we feature today include Berkshire Hathaway (BRK.B), Stryker Corp. (SYK) and Infosys Ltd. (INFY).

Marc Vickery
Senior Writer

Note: Sheraz Mian leads the equity research department at Zacks and is a well-known expert on overall earnings. He is frequently quoted in the written and electronic press and publishes the weekly Earnings Trends and Revenue overview reports. If you would like to receive an email notification whenever Sheraz publishes a new article, please click here>>>

To read today

Intel (INTC) benefits from strong demand in the data center group

Order Growth Boosts Lockheed (LMT), Tiff With Turkey Ails

IBM Bets on Hybrid Cloud and Blockchain Technology

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Lockheed Martin Corporation (LMT): Free Stock Analysis Report

Intel Corporation (INTC): Free Inventory Analysis Report

International Business Machines Corporation (IBM): Free Inventory Analysis Report

Infosys Limited (INFY): Free Stock Analysis Report

Stryker Corporation (SYK): Free Stock Analysis Report

Berkshire Hathaway Inc. (BRK.B): Free Stock Analysis Report

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