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Qualcomm (QCOM - Free Report) closed at $179.60 in the latest trading session, marking a +2.1% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Heading into today, shares of the chipmaker had lost 12.9% over the past month, lagging the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Qualcomm in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 4, 2026. The company's earnings per share (EPS) are projected to be $2.16, reflecting a 28% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.15 billion, indicating a 9.98% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.52 per share and a revenue of $42.9 billion, indicating changes of -12.55% and -2.82%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Qualcomm. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% lower. Qualcomm currently has a Zacks Rank of #4 (Sell).
In the context of valuation, Qualcomm is at present trading with a Forward P/E ratio of 17.57. This indicates a discount in contrast to its industry's Forward P/E of 29.83.
It's also important to note that QCOM currently trades at a PEG ratio of 2.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Semiconductors industry had an average PEG ratio of 1.04.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.
View the Zacks #1 Rank List
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Qualcomm (QCOM) Laps the Stock Market: Here's Why
Qualcomm (QCOM - Free Report) closed at $179.60 in the latest trading session, marking a +2.1% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.7%. At the same time, the Dow added 0.28%, and the tech-heavy Nasdaq gained 0.83%.
Heading into today, shares of the chipmaker had lost 12.9% over the past month, lagging the Computer and Technology sector's loss of 7.7% and the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Qualcomm in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on November 4, 2026. The company's earnings per share (EPS) are projected to be $2.16, reflecting a 28% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $10.15 billion, indicating a 9.98% decline compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $10.52 per share and a revenue of $42.9 billion, indicating changes of -12.55% and -2.82%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Qualcomm. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.03% lower. Qualcomm currently has a Zacks Rank of #4 (Sell).
In the context of valuation, Qualcomm is at present trading with a Forward P/E ratio of 17.57. This indicates a discount in contrast to its industry's Forward P/E of 29.83.
It's also important to note that QCOM currently trades at a PEG ratio of 2.83. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Electronics - Semiconductors industry had an average PEG ratio of 1.04.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.