Here's Why Qualcomm (QCOM) Fell More Than Broader Market

Company Performance - Qualcomm's stock closed at $147.56, reflecting a -1% change from the previous day, underperforming the S&P 500's loss of 0.53% [1] - Over the past month, Qualcomm's shares gained 3.29%, which is lower than the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Earnings Projections - The upcoming earnings report for Qualcomm is expected to show earnings per share (EPS) of $2.69, indicating a 15.45% increase year-over-year [2] - Quarterly revenue is projected to be $10.35 billion, up 10.24% from the same quarter last year [2] Full-Year Estimates - Full-year earnings are estimated at $11.81 per share, with revenue expected to reach $43.54 billion, representing year-over-year increases of +15.56% and +11.76%, respectively [3] - Recent analyst estimate revisions are seen as a positive indicator of the company's business outlook [3] Valuation Metrics - Qualcomm has a Forward P/E ratio of 12.62, which is a discount compared to the industry average Forward P/E of 25.08 [5] - The company has a PEG ratio of 1.38, compared to the Electronics - Semiconductors industry's average PEG ratio of 1.65 [6] Industry Ranking - The Electronics - Semiconductors industry ranks in the top 33% of all industries, with a current Zacks Industry Rank of 81 [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]