Qualcomm (Nasdaq: QCOM ) is expected to report Q3 earnings on July 18. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Qualcomm's revenues will increase 29.1% and EPS will increase 17.8%.
The average estimate for revenue is $4.68 billion. On the bottom line, the average EPS estimate is $0.86.
Last quarter, Qualcomm booked revenue of $4.94 billion. GAAP reported sales were 28% higher than the prior-year quarter's $3.87 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $1.01. GAAP EPS of $1.28 for Q2 were 117% higher than the prior-year quarter's $0.59 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 63.9%, 870 basis points worse than the prior-year quarter. Operating margin was 32.6%, 730 basis points worse than the prior-year quarter. Net margin was 45.1%, 1,930 basis points better than the prior-year quarter.
The full year's average estimate for revenue is $19.22 billion. The average EPS estimate is $3.74.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,346 members out of 2,485 rating the stock outperform, and 140 members rating it underperform. Among 495 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 470 give Qualcomm a green thumbs-up, and 25 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Qualcomm is outperform, with an average price target of $69.56.
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