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Qualcomm Third Quarter Earnings Preview
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When Qualcomm (Nasdaq:QCOM) releases its third quarter earnings on Wednesday, July 18, 2012, it is expected to report earnings that are up 22.2% from a year ago. The consensus estimate is 77 cents per share, up from earnings of 63 cents per share a year ago.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: The consensus estimate, while unchanged in the past month, is down from 81 cents three months ago. Analysts are projecting earnings of $3.31 per share for the fiscal year.
Qualcomm is expected to report revenue of $4.68 billion for the quarter, beating last year's figure of $3.62 billion by 29.2%. Revenue for the fiscal year is expected to come in at $19.21 billion.
Company Performance: Revenue has grown by double-digit increases in the past four quarters. On average, the figure has risen by 35.2%. The biggest change came in the first quarter when revenue rose 39.8%.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Profit With The Power Of Price-To-Earnings
The stock price has fallen 17.9% since April 16, 2012, from $66.25 to $54.37. Qualcomm's best recent streak was when its price gained $3.29 per share between June 1, 2012 and June 6, 2012.
Investors care about earnings because they drive stock prices. Strong earnings generally result in the stock price moving up and vice versa. SEE: 5 Tricks Companies Use During Earnings Season
What to Expect: The consensus estimate, while unchanged in the past month, is down from 81 cents three months ago. Analysts are projecting earnings of $3.31 per share for the fiscal year.
Qualcomm is expected to report revenue of $4.68 billion for the quarter, beating last year's figure of $3.62 billion by 29.2%. Revenue for the fiscal year is expected to come in at $19.21 billion.
The P/E ratio has been used for ages by analysts and still remains one of the most relevant pieces of stock valuation. A high P/E ratio indicates a stock that is expensive, while a low P/E ratio indicates a stock that is cheap. SEE: Profit With The Power Of Price-To-Earnings
The stock price has fallen 17.9% since April 16, 2012, from $66.25 to $54.37. Qualcomm's best recent streak was when its price gained $3.29 per share between June 1, 2012 and June 6, 2012.
by
Investopedia Staff
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