Qualcomm (QCOM) Up 9.7% Since Last Earnings Report: Can It Continue?

Company Overview - Qualcomm shares have increased by approximately 9.7% since the last earnings report, outperforming the S&P 500 [1] - The most recent earnings report is essential for understanding the catalysts affecting Qualcomm's stock performance [1] Earnings Estimates - Estimates for Qualcomm have trended upward over the past month, indicating positive sentiment among analysts [2][4] - Qualcomm holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] VGM Scores - Qualcomm has a Growth Score of B, a Momentum Score of D, and a Value Score of B, placing it in the top 40% for the value investment strategy [3] - The aggregate VGM Score for Qualcomm is B, which is relevant for investors not focused on a single strategy [3] Industry Performance - Qualcomm is part of the Zacks Electronics - Semiconductors industry, where Lam Research has seen a significant gain of 17.3% over the past month [5] - Lam Research reported revenues of $4.72 billion for the last quarter, reflecting a year-over-year increase of 24.4% [5] - Lam Research's expected earnings for the current quarter are $1.18 per share, representing a year-over-year change of 45.7% [6] - Lam Research has a Zacks Rank of 2 (Buy), indicating a favorable outlook based on estimate revisions [6]