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Curious about Qualcomm (QCOM) Q4 Performance? Explore Wall Street Estimates for Key Metrics
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Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.16 per share in its upcoming release, pointing to a year-over-year decline of 28%. It is anticipated that revenues will amount to $10.15 billion, exhibiting a decrease of 10% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
That said, let's delve into the average estimates of some Qualcomm metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenues- QTL' will reach $1.30 billion. The estimate suggests a change of -8.1% year over year.
The average prediction of analysts places 'Revenues- QCT' at $8.74 billion. The estimate indicates a change of -11.1% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- QCT- Automotive' should come in at $1.71 billion. The estimate indicates a year-over-year change of +62%.
It is projected by analysts that the 'Revenues- QCT- Handsets' will reach $5.22 billion. The estimate suggests a change of -25% year over year.
Analysts forecast 'Revenues- QCT- IoT (internet of things)' to reach $1.82 billion. The estimate suggests a change of +0.7% year over year.
Based on the collective assessment of analysts, 'Income / (loss) before taxes- QTL' should arrive at $907.53 million. Compared to the current estimate, the company reported $1.02 billion in the same quarter of the previous year.
The consensus estimate for 'Income / (loss) before taxes- QCT' stands at $2.09 billion. The estimate is in contrast to the year-ago figure of $2.90 billion.
Shares of Qualcomm have demonstrated returns of +1.8% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #4 (Sell), QCOM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Curious about Qualcomm (QCOM) Q4 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Qualcomm (QCOM - Free Report) will report quarterly earnings of $2.16 per share in its upcoming release, pointing to a year-over-year decline of 28%. It is anticipated that revenues will amount to $10.15 billion, exhibiting a decrease of 10% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions 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.
That said, let's delve into the average estimates of some Qualcomm metrics that Wall Street analysts commonly model and monitor.
The consensus among analysts is that 'Revenues- QTL' will reach $1.30 billion. The estimate suggests a change of -8.1% year over year.
The average prediction of analysts places 'Revenues- QCT' at $8.74 billion. The estimate indicates a change of -11.1% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenues- QCT- Automotive' should come in at $1.71 billion. The estimate indicates a year-over-year change of +62%.
It is projected by analysts that the 'Revenues- QCT- Handsets' will reach $5.22 billion. The estimate suggests a change of -25% year over year.
Analysts forecast 'Revenues- QCT- IoT (internet of things)' to reach $1.82 billion. The estimate suggests a change of +0.7% year over year.
Based on the collective assessment of analysts, 'Income / (loss) before taxes- QTL' should arrive at $907.53 million. Compared to the current estimate, the company reported $1.02 billion in the same quarter of the previous year.
The consensus estimate for 'Income / (loss) before taxes- QCT' stands at $2.09 billion. The estimate is in contrast to the year-ago figure of $2.90 billion.
View all Key Company Metrics for Qualcomm here>>>Shares of Qualcomm have demonstrated returns of +1.8% over the past month compared to the Zacks S&P 500 composite's +0.7% change. With a Zacks Rank #4 (Sell), QCOM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .