Qualcomm (QCOM) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Overview - Qualcomm's stock closed at $161.47, reflecting a decrease of 1.73% from the previous session, underperforming the S&P 500 which lost 0.22% [1] - Over the last month, Qualcomm's shares have decreased by 2%, compared to the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1.66% [1] Earnings Projections - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of$ 2.32, indicating a 7.91% increase year-over-year [1] - The Zacks Consensus Estimate for revenue is $9.32 billion, reflecting a 0.48% increase from the same quarter last year [1] - For the entire fiscal year, earnings are estimated at$ 9.58 per share and revenue at $37.61 billion, showing increases of 13.64% and 5.03% respectively from the previous year [2] Analyst Estimates and Rankings - Recent changes in analyst estimates indicate a favorable outlook on Qualcomm's business health and profitability [2] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Qualcomm at 2 (Buy) [3] - Over the last 30 days, the Zacks Consensus EPS estimate has increased by 0.23% [3] Valuation Metrics - Qualcomm's Forward P/E ratio stands at 17.15, which is a premium compared to the industry average of 14.15 [3] - The company has a PEG ratio of 1.8, compared to the Wireless Equipment industry's average PEG ratio of 1.37 [3] Industry Context - The Wireless Equipment industry is part of the Computer and Technology sector, holding a Zacks Industry Rank of 218, placing it in the bottom 14% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]