Earnings Outlook For Qualcomm
Portfolio Pulse from Benzinga Insights
Qualcomm (NASDAQ:QCOM) is set to release its latest quarterly earnings report on November 1, 2023. Analysts estimate an earnings per share (EPS) of $1.80. The company's past performance shows it beat EPS estimates last quarter by $0.06, but this was followed by an 8.18% drop in share price. Qualcomm's shares were trading at $107.83 as of October 30, with a 52-week return of -4.72%.
October 31, 2023 | 2:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Qualcomm's upcoming earnings report could impact its stock price. Last quarter's EPS beat was followed by a share price drop. The company's 52-week return is -4.72%.
Qualcomm's earnings report is a key event that could influence its stock price. The company's past performance shows that even when it beats EPS estimates, its share price can drop, as it did last quarter. Additionally, the company's negative 52-week return could indicate a bearish sentiment among long-term shareholders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100