Investors are always looking for stocks that are poised to beat at earnings season and Qualcomm Incorporated (QCOM) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Qualcomm is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty goo ...

Qualcomm Incorporated (QCOM) shares have witnessed a steady uptrend since November 2023 barring minor hiccups, with the ebb and flow attributable to various macroeconomic developments and corporate achievements. While such ups and downs are part of a stock’s progression, the sudden turn of events often tests the stock's inherent strength to withstand the storm and its ability to come up trumps. We believe that Qualcomm has the requisite wherewithal to emerge victorious from the apparent upheaval and strike ...

In its upcoming report, Qualcomm (QCOM) is predicted by Wall Street analysts to post quarterly earnings of $2.30 per share, reflecting an increase of 7% compared to the same period last year. Revenues are forecasted to be $9.32 billion, representing a year-over-year increase of 0.5%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this p ...

A worker inspects a circuit board for a smartphone at Dixon Technologies' Padget Electronics Pvt factory in Noida, Uttar Pradesh, India, on Thursday, Jan. 28, 2021. Dixon boasts a market value of more than $2.5 billion and the capacity to produce about 50 million smartphones this year. Photographer: Anindito Mukherjee/Bloomberg via Getty ImagesQualcomm is already designing chips in India as it taps on the country's pool of talented engineers, Qualcomm India's president said in an exclusive interview."We alr ...

Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.Now that we know how important ear ...

Ray-Ban Meta smart glasses, which are equipped with cameras and speakers, are being exhibited at ... [+] Qualcomm's pavilion at the Mobile World Congress in Barcelona, Spain, on April 2, 2024. (Photo by Joan Cros/NurPhoto via Getty Images)NurPhoto via Getty ImagesMobile chipset major Qualcomm (NASDAQ: QCOM) is expected to publish its Q2 FY’24 results on May 1, reporting on a quarter that is likely to see business pick up, amid rising smartphone sales. The company is guiding revenue in the range of $8.9 bill ...

The mobile chip leader could be headed for significant growth as consumer electronics upgrades heat up again.While it's not the hottest semiconductor stock out there, Qualcomm (QCOM -2.36%) has been delivering solid gains so far in 2024. Year to date, it's up 14%, versus 10% for the iShares Semiconductor ETF, which tracks the performance of the top chip stocks (Nvidia included) in the U.S. Clearly, investors are feeling optimistic about Qualcomm, but what's driving the stock higher, and is it still a good t ...

Company Overview - Qualcomm's stock closed at $161.47, reflecting a decrease of 1.73% from the previous session, underperforming the S&P 500 which lost 0.22% [1] - Over the last month, Qualcomm's shares have decreased by 2%, compared to the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66% [1] Earnings Projections - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of $2.32, indicating a 7.91% increase year-over-year [1] - The Zacks Consensus Estimate for revenue is $9.32 billion, reflecting a 0.48% increase from the same quarter last year [1] - For the entire fiscal year, earnings are estimated at $9.58 per share and revenue at $37.61 billion, showing increases of 13.64% and 5.03% respectively from the previous year [2] Analyst Estimates and Rankings - Recent changes in analyst estimates indicate a favorable outlook on Qualcomm's business health and profitability [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Qualcomm at 2 (Buy) [3] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 0.23% [3] Valuation Metrics - Qualcomm's Forward P/E ratio stands at 17.15, which is a premium compared to the industry average of 14.15 [3] - The company has a PEG ratio of 1.8, compared to the Wireless Equipment industry's average PEG ratio of 1.37 [3] Industry Context - The Wireless Equipment industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 218, placing it in the bottom 14% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]

Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth S ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Qualcomm (QCOM) . This company, which is in the Zacks Wireless Equipment industry, shows potential for another earnings beat.This chipmaker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.38%.For the last reported q ...