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Gear Up for Qualcomm (QCOM) Q4 Earnings: Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.56 per share in its upcoming release, pointing to a year-over-year increase of 26.7%. It is anticipated that revenues will amount to $9.9 billion, exhibiting an increase of 14.7% compared to the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Qualcomm metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- QCT- Handsets' should arrive at $6.15 billion. The estimate indicates a year-over-year change of +12.8%.
The collective assessment of analysts points to an estimated 'Revenue- QCT- IoT' of $1.47 billion. The estimate indicates a year-over-year change of +6.4%.
Analysts expect 'Revenue- QCT- Automotive' to come in at $791.51 million. The estimate suggests a change of +48% year over year.
The average prediction of analysts places 'Revenue- QCT' at $8.42 billion. The estimate indicates a year-over-year change of +14.1%.
The consensus among analysts is that 'Revenue- QTL' will reach $1.44 billion. The estimate indicates a change of +14.3% from the prior-year quarter.
The consensus estimate for 'Revenues- Non-GAAP Reconciling Items' stands at $44.71 million. The estimate indicates a year-over-year change of +54.2%.
It is projected by analysts that the 'Revenues- Equipment and services' will reach $8.36 billion. The estimate points to a change of +14.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Licensing' should come in at $1.49 billion. The estimate suggests a change of +11.2% year over year.
The combined assessment of analysts suggests that 'Income / (loss) before taxes- QTL' will likely reach $1.04 billion. Compared to the present estimate, the company reported $829 million in the same quarter last year.
Analysts' assessment points toward 'Income / (loss) before taxes- QCT' reaching $2.35 billion. The estimate is in contrast to the year-ago figure of $1.89 billion.
Shares of Qualcomm have experienced a change of -3.6% in the past month compared to the -1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), QCOM is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Gear Up for Qualcomm (QCOM) Q4 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.56 per share in its upcoming release, pointing to a year-over-year increase of 26.7%. It is anticipated that revenues will amount to $9.9 billion, exhibiting an increase of 14.7% compared to the year-ago quarter.
The current level reflects an upward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific Qualcomm metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- QCT- Handsets' should arrive at $6.15 billion. The estimate indicates a year-over-year change of +12.8%.
The collective assessment of analysts points to an estimated 'Revenue- QCT- IoT' of $1.47 billion. The estimate indicates a year-over-year change of +6.4%.
Analysts expect 'Revenue- QCT- Automotive' to come in at $791.51 million. The estimate suggests a change of +48% year over year.
The average prediction of analysts places 'Revenue- QCT' at $8.42 billion. The estimate indicates a year-over-year change of +14.1%.
The consensus among analysts is that 'Revenue- QTL' will reach $1.44 billion. The estimate indicates a change of +14.3% from the prior-year quarter.
The consensus estimate for 'Revenues- Non-GAAP Reconciling Items' stands at $44.71 million. The estimate indicates a year-over-year change of +54.2%.
It is projected by analysts that the 'Revenues- Equipment and services' will reach $8.36 billion. The estimate points to a change of +14.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenues- Licensing' should come in at $1.49 billion. The estimate suggests a change of +11.2% year over year.
The combined assessment of analysts suggests that 'Income / (loss) before taxes- QTL' will likely reach $1.04 billion. Compared to the present estimate, the company reported $829 million in the same quarter last year.
Analysts' assessment points toward 'Income / (loss) before taxes- QCT' reaching $2.35 billion. The estimate is in contrast to the year-ago figure of $1.89 billion.
View all Key Company Metrics for Qualcomm here>>>
Shares of Qualcomm have experienced a change of -3.6% in the past month compared to the -1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), QCOM is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>