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 ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Qualcomm (QCOM) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Qualcomm currently has an average brokerag ...

Smartphone market share gains and the PC market both represent growth opportunities.Demand for high-end and flagship smartphones is strong, according to supply chain research performed by KeyBanc. This bodes well for Qualcomm (QCOM 1.22%), reasons KeyBanc analyst John Vinh. Vinh reiterated his overweight rating on Qualcomm stock to start the week and raised his price target from $180 to $205. The new price target represents a potential upside of about 18% over the next 12 months or so.Winning market shareKe ...

Qualcomm (NASDAQ:QCOM) stock, the chipmaking leader in wireless connectivity, has weathered a challenging macroeconomic environment surprisingly well. However, despite its resilience as their await for a rebound in the handset market the stock has remained undervalued. This will have important implications for Qualcomm stock investors.Looking ahead, there are several catalysts in 2024 that will lay the foundation for accelerated growth. Mainly, their AI CPU (Snapdragon X Elite) that is set to revolutionize ...

The latest trading session saw Qualcomm (QCOM) ending at $173.91, denoting a +1.68% adjustment from its last day's close. The stock outpaced the S&P 500's daily gain of 0.11%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.23%.Prior to today's trading, shares of the chipmaker had gained 5.94% over the past month. This has outpaced the Computer and Technology sector's gain of 1.54% and the S&P 500's gain of 1.5% in that time.The investment community will be paying close attention to the e ...