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Qualcomm (QCOM) closed at $ 69.93 during the last trading session, marking an increase of + 0.49% over the previous day. The stock exceeded the 0.41% daily gain of the S & P 500. Elsewhere, the Dow Jones gained 0.39%, while the Nasdaq, which is very technology-driven, added 0.57%.
Today, the chip maker's shares have lost 19.33% in the last month, lagging the 2.4% loss in IT & Technology and the 0.1% gain in S & P. & P 500 during this period.
Investors hope that QCOM will strengthen in the lead up to the publication of its next results. In this report, analysts expect QCOM to post a profit of $ 0.77 per share. This would mark a drop of one year on the other by 23.76%. Our most recent consensus is announcing as a quarterly business figure of $ 5.11 billion, down 8.74% over last year.
For the full year, our consensus estimates of Zacks expect a profit of $ 3.85 per share and a turnover of $ 20.64 billion, which would represent variations of + 4.34% and -9 , 2%, respectively compared to the previous year.
Investors should also note recent changes made to analysts' estimates for QCOM. These recent revisions tend to reflect the evolving nature of short-term business trends. In this spirit, we can consider revisions of positive estimates as a sign of optimism about the company's business prospects.
Our research shows that these estimation changes are directly related to short-term share prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these changes in estimates and provides a clear and usable scoring model.
The Zacks ranking system, which ranges from # 1 (strong buy) to # 5 (strong sell), has an impressive history of unaudited outperformance, with # 1 stocks generating an average annual return of + 25% since 1988. In the last 30 days, our consensus EPS projection has decreased by 0.17%. QCOM currently has a Zack ranking of # 3 (pending).
By looking at the valuation, QCOM currently has a P / E ratio of 18.09. In comparison, its sector has an average P / E of 24.31, which means that QCOM is trading at a discount to the group.
It should also be mentioned that QCOM has a PEG ratio of 1.32. This popular measure is similar to the well-known P / E ratio, with the difference that the PEG ratio also takes into account the expected earnings growth rate of the company. The QCOM industry had an average PEG ratio of 2.89 at the close of yesterday.
The wireless equipment sector is part of the IT and Technology sector. This group has a Zack ranking of 12, which places it in the top 5% of 250 industries and more.
The Zacks industry ranking is ranked from best to worst in terms of Zacks' average ranking of companies in each of these sectors. Our research shows that the 50% of the top rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to use Zacks. Com to follow all these stock transfer measures, and more, in the next trading sessions.
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Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
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QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
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To read this article on Zacks.com, click here."data-reactid =" 34 ">
Do you want to know the latest Zacks Investment Research recommendations? Today, you can download 7 best actions for the next 30 days. Click to get this free report
QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
To read this article on Zacks.com, click here.
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