QUALCOMM (Nasdaq: QCOM ) is expected to report Q3 earnings on July 19. 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 expand 30.9% and EPS will expand 21.2%.
The average estimate for revenue is $6.06 billion. On the bottom line, the average EPS estimate is $1.03.
Last quarter, QUALCOMM booked revenue of $6.12 billion. GAAP reported sales were 24% higher than the prior-year quarter's $4.94 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 $1.17. GAAP EPS of $1.06 for Q2 were 17% lower than the prior-year quarter's $1.28 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 61.3%, 260 basis points worse than the prior-year quarter. Operating margin was 30.6%, 40 basis points worse than the prior-year quarter. Net margin was 30.5%, much worse than the prior-year quarter.
The full year's average estimate for revenue is $24.43 billion. The average EPS estimate is $4.52.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 2,604 members out of 2,746 rating the stock outperform, and 142 members rating it underperform. Among 541 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 524 give QUALCOMM 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 QUALCOMM is outperform, with an average price target of $74.84.
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