Qualcomm Inc expected to post earnings of $2.96 a share - Earnings Preview

Reuters05:06
Qualcomm Inc <qcom.oq> expected to post earnings of $2.96 a share - Earnings Preview </qcom.oq>

  • Qualcomm Inc QCOM.OQ QCOM.O is expected to show a rise in quarterly revenue when it reports results on February 5 for the period ending December 31 2024

  • The San Diego California-based company is expected to report a 10.1% increase in revenue to $10.927 billion from $9.92 billion a year ago, according to the mean estimate from 26 analysts, based on LSEG data.The company's guidance on November 6 2024, for the period ended December 31, was for revenue between $10.50 billion and $11.30 billion. (Revenue Majority Basis is Non-GAAP)

  • ​LSEG's mean analyst estimate for Qualcomm Inc is for earnings of $2.96 per share. The company's EPS guidance on November 6 2024, for the period ended December 31, was between $2.85 and $3.05

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 22 "strong buy" or "buy," 17 "hold" and 1 "sell" or "strong sell."

  • The mean earnings estimate of analysts was unchanged in the last three months. ​

  • Wall Street's median 12-month price target for Qualcomm Inc is $199.00​, above​ its last closing price of $172.93. ​​​

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING

STARMINESMARTESTIMATE®

LSEG IBES ESTIMATE

ACTUAL

BEAT, MET, MISSED

SURPRISE %

Sep. 30 2024

2.57

2.56

2.69

Beat

5.1

Jun. 30 2024

2.26

2.25

2.33

Beat

3.6

Mar. 31 2024

2.35

2.32

2.44

Beat

5.1​

Dec. 31 2023

2.38

2.37

2.75

Beat

16

​​Sep. 30 2023

1.91

1.91

2.02

Beat

6

Jun. 30 2023

1.80

1.81

1.87

Beat

3.5​

Mar. 31 2023

2.14

2.15

2.15

Met

0.1

Dec. 31 2022

2.35

2.34

2.37

Beat

1.2

This summary was machine generated February 3 at 21:06 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment