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Qualcomm (QCOM) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest close session, Qualcomm (QCOM - Free Report) was down 1.64% at $178.29. This change lagged the S&P 500's 1.07% loss on the day. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the chipmaker had gained 3.88% over the past month, outpacing the Computer and Technology sector's gain of 1.6% and the S&P 500's gain of 0.94%.
The upcoming earnings release of Qualcomm will be of great interest to investors. The company is forecasted to report an EPS of $3.38, showcasing a 0.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.25 billion, indicating a 4.99% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.15 per share and a revenue of $45.69 billion, signifying shifts of +1% and +3.52%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Qualcomm. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.35% rise in the Zacks Consensus EPS estimate. Qualcomm is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Qualcomm currently has a Forward P/E ratio of 14.92. This denotes a discount relative to the industry average Forward P/E of 37.08.
One should further note that QCOM currently holds a PEG ratio of 3.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 2.04 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Qualcomm (QCOM) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest close session, Qualcomm (QCOM - Free Report) was down 1.64% at $178.29. This change lagged the S&P 500's 1.07% loss on the day. On the other hand, the Dow registered a loss of 0.51%, and the technology-centric Nasdaq decreased by 1.69%.
Heading into today, shares of the chipmaker had gained 3.88% over the past month, outpacing the Computer and Technology sector's gain of 1.6% and the S&P 500's gain of 0.94%.
The upcoming earnings release of Qualcomm will be of great interest to investors. The company is forecasted to report an EPS of $3.38, showcasing a 0.88% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $12.25 billion, indicating a 4.99% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $12.15 per share and a revenue of $45.69 billion, signifying shifts of +1% and +3.52%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Qualcomm. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.35% rise in the Zacks Consensus EPS estimate. Qualcomm is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Qualcomm currently has a Forward P/E ratio of 14.92. This denotes a discount relative to the industry average Forward P/E of 37.08.
One should further note that QCOM currently holds a PEG ratio of 3.25. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 2.04 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 75, placing it within the top 31% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.