The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Broadcom's revenues will expand 13.3% and EPS will grow 8.8%.
The average estimate for revenue is $2.06 billion. On the bottom line, the average EPS estimate is $0.74.
Last quarter, Broadcom logged revenue of $2.13 billion. GAAP reported sales were 9.4% higher than the prior-year quarter's $1.91 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 $0.79. GAAP EPS of $0.38 for Q3 were 21% lower than the prior-year quarter's $0.48 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 49.4%, 70 basis points worse than the prior-year quarter. Operating margin was 10.7%, 400 basis points worse than the prior-year quarter. Net margin was 10.6%, 360 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $7.97 billion. The average EPS estimate is $2.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 970 members out of 1,048 rating the stock outperform, and 78 members rating it underperform. Among 239 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 221 give Broadcom a green thumbs-up, and 18 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 $41.80.
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.