Broadcom (Nasdaq: BRCM ) is expected to report Q3 earnings on Oct. 23. 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 Broadcom's revenues will increase 6.7% and EPS will decrease -6.1%.
The average estimate for revenue is $2.09 billion. On the bottom line, the average EPS estimate is $0.77.
Last quarter, Broadcom logged revenue of $1.97 billion. GAAP reported sales were 10% higher than the prior-year quarter's $1.74 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 $0.72. GAAP EPS of $0.28 for Q2 were 9.7% lower than the prior-year quarter's $0.31 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 49.1%, 80 basis points worse than the prior-year quarter. Operating margin was 8.3%, 180 basis points worse than the prior-year quarter. Net margin was 8.3%, 170 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $8.01 billion. The average EPS estimate is $2.93.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 949 members out of 1,028 rating the stock outperform, and 79 members rating it underperform. Among 219 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 202 give Broadcom a green thumbs-up, and 17 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Broadcom is outperform, with an average price target of $42.29.
Is Broadcom the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
- Add Broadcom to My Watchlist.