Is Qualcomm (QCOM) Stock a Smart Buy Before Q3 Earnings Release?

Qualcomm Incorporated (QCOM) is scheduled to report third-quarter fiscal 2024 earnings on Jul 31. The Zacks Consensus Estimate for revenues and earnings is pegged at $9.19 billion and$2.25 per share, respectively. Earnings estimates for QCOM have improved from $9.58 per share to$9.89 for 2024 and from $10.48 per share to$10.96 for 2025 over the past 90 days.QCOM Estimate TrendImage Source: Zacks Investment ResearchEarnings Surprise HistoryThe chip manufacturer delivered a four-quarter earnings surprise o ...