Qualcomm (QCOM) Ascends While Market Falls: Some Facts to Note

Group 1: Stock Performance - Qualcomm (QCOM) closed at $173.55, marking a +2.37% move from the prior day, outperforming the S&P 500, which registered a loss of 0.29% [1] - Prior to the latest trading session, Qualcomm shares had gained 6.51%, lagging behind the Computer and Technology sector's gain of 8.98% and outpacing the S&P 500's gain of 3.08% [1] Group 2: Upcoming Financial Results - Qualcomm's upcoming EPS is projected at $2.86, indicating a 6.32% increase compared to the same quarter of the previous year [2] - The consensus estimate for quarterly revenue is $10.77 billion, up 5.16% from the year-ago period [2] Group 3: Full-Year Estimates - Full-year Zacks Consensus Estimates for Qualcomm are calling for earnings of $11.89 per share and revenue of $43.8 billion, representing year-over-year changes of +16.34% and +12.41%, respectively [3] - Recent changes to analyst estimates for Qualcomm indicate analysts' confidence in the business performance and profit potential [3] Group 4: Valuation Metrics - Qualcomm is currently traded at a Forward P/E ratio of 14.26, which is significantly lower than the industry average Forward P/E of 36.44, suggesting Qualcomm is trading at a discount [6] - Qualcomm holds a PEG ratio of 2.01, which is comparable to the industry average PEG ratio of 2.04 [7] Group 5: Industry Context - The Electronics - Semiconductors industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 190, placing it in the bottom 24% of all 250+ industries [8] - The Zacks Industry Rank assesses the strength of industry groups, with top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [8]