Qualcomm (QCOM) Rises Higher Than Market: Key Facts

Group 1: Company Performance - Qualcomm's stock closed at $159.53, reflecting a +1.53% increase, outperforming the S&P 500's gain of 0.12% on the same day [1] - Over the past month, Qualcomm shares have decreased by 0.48%, which is better than the Computer and Technology sector's decline of 3.73% and the S&P 500's drop of 3.45% [1] Group 2: Upcoming Earnings - Qualcomm is set to release its earnings on February 5, 2025, with an expected EPS of$ 2.92, indicating a 6.18% growth year-over-year [2] - The consensus estimate for revenue is projected at $10.89 billion, reflecting a 9.61% increase compared to the same quarter last year [2] Group 3: Annual Estimates - For the annual period, earnings are anticipated to be$ 11.14 per share, with revenue expected to reach $42.19 billion, representing increases of +9% and +8.29% respectively from the previous year [3] Group 4: Analyst Estimates and Rankings - Recent modifications to analyst estimates for Qualcomm are crucial as they indicate short-term business trends, with positive revisions suggesting a favorable business outlook [3] - Qualcomm currently holds a Zacks Rank of 2 (Buy), with no changes in the Zacks Consensus EPS estimate over the past month [5] Group 5: Valuation Metrics - Qualcomm has a Forward P/E ratio of 14.1, which is lower than the industry's average Forward P/E of 16, indicating a valuation discount [6] - The company has a PEG ratio of 2.15, compared to the Wireless Equipment industry's average PEG ratio of 3.1 [6] Group 6: Industry Context - The Wireless Equipment industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 17, placing it in the top 7% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]