Qualcomm (QCOM) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Qualcomm is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2024, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is anticipated to be released on February 5, 2025, with a consensus EPS estimate of $2.93, reflecting a +6.6% change year-over-year, and revenues projected at $10.92 billion, up 9.9% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 0.93% higher in the last 30 days, indicating a collective reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Qualcomm is higher than the consensus estimate, resulting in a positive Earnings ESP of +3.34%, indicating a likelihood of beating the consensus EPS estimate [10][11]. Historical Performance - Qualcomm has a history of beating consensus EPS estimates, having done so in the last four quarters, with a recent surprise of +5.08% when it reported earnings of $2.69 per share against an expectation of $2.56 [12][13]. Investment Considerations - While a positive earnings surprise is a strong predictor of stock performance, other factors may also influence stock movement, making it essential to consider the broader context [14][16].