We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street's Insights Into Key Metrics Ahead of Qualcomm (QCOM) Q2 Earnings
Read MoreHide Full Article
Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.57 per share in its upcoming release, pointing to a year-over-year decline of 9.8%. It is anticipated that revenues will amount to $10.62 billion, exhibiting a decrease of 2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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 use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Qualcomm metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- QCT- Handsets' at $6.07 billion. The estimate points to a change of -12.4% from the year-ago quarter.
Analysts predict that the 'Revenues- QCT- Automotive' will reach $1.32 billion. The estimate points to a change of +37.5% from the year-ago quarter.
Analysts expect 'Revenues- QCT- IoT (internet of things)' to come in at $1.79 billion. The estimate suggests a change of +13.3% year over year.
According to the collective judgment of analysts, 'Revenues- QCT' should come in at $9.18 billion. The estimate indicates a change of -3% from the prior-year quarter.
The consensus estimate for 'Revenues- QTL' stands at $1.33 billion. The estimate indicates a change of +0.7% from the prior-year quarter.
Analysts forecast 'Income / (loss) before taxes- QTL' to reach $935.55 million. Compared to the present estimate, the company reported $929.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Income / (loss) before taxes- QCT' should arrive at $2.42 billion. Compared to the current estimate, the company reported $2.86 billion in the same quarter of the previous year.
Over the past month, shares of Qualcomm have returned +2.6% versus the Zacks S&P 500 composite's +8.1% change. Currently, QCOM carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Wall Street's Insights Into Key Metrics Ahead of Qualcomm (QCOM) Q2 Earnings
Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.57 per share in its upcoming release, pointing to a year-over-year decline of 9.8%. It is anticipated that revenues will amount to $10.62 billion, exhibiting a decrease of 2% compared to the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during 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 use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Qualcomm metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- QCT- Handsets' at $6.07 billion. The estimate points to a change of -12.4% from the year-ago quarter.
Analysts predict that the 'Revenues- QCT- Automotive' will reach $1.32 billion. The estimate points to a change of +37.5% from the year-ago quarter.
Analysts expect 'Revenues- QCT- IoT (internet of things)' to come in at $1.79 billion. The estimate suggests a change of +13.3% year over year.
According to the collective judgment of analysts, 'Revenues- QCT' should come in at $9.18 billion. The estimate indicates a change of -3% from the prior-year quarter.
The consensus estimate for 'Revenues- QTL' stands at $1.33 billion. The estimate indicates a change of +0.7% from the prior-year quarter.
Analysts forecast 'Income / (loss) before taxes- QTL' to reach $935.55 million. Compared to the present estimate, the company reported $929.00 million in the same quarter last year.
Based on the collective assessment of analysts, 'Income / (loss) before taxes- QCT' should arrive at $2.42 billion. Compared to the current estimate, the company reported $2.86 billion in the same quarter of the previous year.
View all Key Company Metrics for Qualcomm here>>>Over the past month, shares of Qualcomm have returned +2.6% versus the Zacks S&P 500 composite's +8.1% change. Currently, QCOM carries a Zacks Rank #5 (Strong Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .