On Thursday, September 1st, Broadcom Ltd. (AVGO - Free Report) will release its Q3 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) and shares are up about 22% year-to-date.
Dave will look into Broadcom’s past earnings, look at what is currently going on with the company, and gives us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will look into some potential options trades for investors looking to make a play on Broadcom ahead of earnings.
Broadcom in Focus
Broadcom Ltd. is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays.
Broadcom beat expectations in its Q2 2016 earnings report, topping the Zacks Consensus Estimate of $2.00 by 6.5%.
AVGO has an average EPS surprise of 6.45% for the last four quarters. In Q3 and Q4 of 2015, the company beat our consensus estimate by 5.67% and 6.39% respectively. Broadcom also topped in Q1 of 2016, surpassing our consensus estimate by 7.25%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
On Thursday, September 1st, Broadcom Ltd. (AVGO - Free Report) will release its Q3 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) and shares are up about 22% year-to-date.
Dave will look into Broadcom’s past earnings, look at what is currently going on with the company, and gives us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will look into some potential options trades for investors looking to make a play on Broadcom ahead of earnings.
Broadcom in Focus
Broadcom Ltd. is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays.
Broadcom beat expectations in its Q2 2016 earnings report, topping the Zacks Consensus Estimate of $2.00 by 6.5%.
AVGO has an average EPS surprise of 6.45% for the last four quarters. In Q3 and Q4 of 2015, the company beat our consensus estimate by 5.67% and 6.39% respectively. Broadcom also topped in Q1 of 2016, surpassing our consensus estimate by 7.25%.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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