Qualcomm(US:QCOM) ZACKSยท2025-01-08 23:51Group 1: Company Performance - Qualcomm's stock closed at $159.08, down 0.9% from the previous session, underperforming the S&P 500's gain of 0.16% [1] - Over the past month, Qualcomm's shares increased by 2.59%, outperforming the Computer and Technology sector, which declined by 0.17%, and the S&P 500, which fell by 2.8% [1] Group 2: Upcoming Earnings Report - Qualcomm is set to release its earnings report on February 5, 2025, with analysts expecting earnings of $2.92 per share, reflecting a year-over-year growth of 6.18% [2] - The consensus estimate for revenue is $10.89 billion, indicating a 9.61% increase compared to the same quarter last year [2] Group 3: Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of $11.14 per share and revenue of $42.19 billion, representing changes of +9% and +8.29% from the previous year, respectively [3] - Recent changes in analyst estimates for Qualcomm are crucial as they indicate the evolving nature of business trends and analysts' outlook on the company's health and profitability [3] Group 4: Valuation Metrics - Qualcomm has a Forward P/E ratio of 14.41, which is lower than the industry average Forward P/E of 16.42 [6] - The company has a PEG ratio of 2.19, compared to the Wireless Equipment industry's average PEG ratio of 3.09 [6] Group 5: Industry Ranking - The Wireless Equipment industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 16, placing it in the top 7% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]