QUALCOMM Incorporated (NASDAQ:QCOM) is trading up 22.28% versus 12-month low of 47.96 and stands -16.71% lower from its 1-year peak of $70.41. The consensus price target (PT) of $64.99 means that the market expects Company shares to increase by 12.1% in the short run. The sell-side target prices range from $47.1 to $81. In the last month the stock has moved in price 11.91%, with a one year change of 16.75%. The last trading session volume compares with the 12.60M average and market worth floats around 86.67B.
QUALCOMM Incorporated (NASDAQ:QCOM) gained 1.16% to reach at the trading price of $58.64 as it is set to release its next quarterly earnings report on April 19, 2017. QUALCOMM Incorporated stock trades in the range of $58.30 to $58.79 before the earnings release. Let’s take a closer look at the current earnings forecast, particularly the things traders should pay close attention to. Earnings per share for the recently concluded quarter is expected to come in at $1.2 a share with $5.91B in revenue.
QUALCOMM Incorporated (QCOM) Future Earnings & History
After upcoming fiscal quarter results, all eyes will be on the prospects for the next reporting quarter. Analysts, on average, forecast QUALCOMM Incorporated to earn $1.11 per share (EPS) on revenue of $5.96B. The EPS consensus range is $0.98-$1.28 on revenue between $6.34B and $5.73B.
While if we look at the Earnings Track Record, QUALCOMM Incorporated (QCOM) managed to surpass quarterly earnings per share estimates in 10 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 83%. Last time the company reported, QUALCOMM Incorporated (QCOM) generated $1.19 in earnings per share, beating the consensus estimate of $1.18. Revenues hit $5.99B in the December 2017 quarter, which was below the consensus $6.12B projection. On the other hand, in the September 2017 quarter the company recorded a net $6.17B revenue with earnings per share of $1.28. Wall Street had anticipated $5.84B and $1.13, respectively. For comparison, there was a revenue of $6.03B and EPS of $1.16 in the June 2016 period.
QUALCOMM Incorporated (NASDAQ:QCOM) Analyst Insights
The buoyancy in the outlook of QUALCOMM Incorporated (QCOM) is getting weaker by the somewhat negative sentiment (2.40 on a 5-point scale) that sell-side analysts have provided concerning it. Brokerage firms on the average advocate the company shares as Equal-Weight. CLSA has been covering shares of QCOM, so it is most recent view is worth a look. In a research note issued on Jan 24, 2017, analysts at downgraded the stock to Mkt Perform from Buy. Another noteworthy analyst activity was recorded on Jan 23, 2017. Downgraded the stock to Underperform from Buy.