Earnings Preview: Broadcom
Portfolio Pulse from Benzinga Insights
Broadcom (NASDAQ:AVGO) is scheduled to release its quarterly earnings report on Thursday, 2023-12-07, with analysts expecting an EPS of $10.98. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, Broadcom's stock price has shown varied reactions to past earnings reports, with both increases and decreases in share price. Currently, shares are trading at $913.12, up 73.23% over the last 52 weeks. The upcoming earnings report could influence the stock's performance, depending on the actual results and future guidance provided.
December 06, 2023 | 2:00 pm
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Broadcom is anticipated to report an EPS of $10.98 for the quarter. Historical data shows mixed stock reactions post-earnings, with a 5.46% drop after last quarter's beat. Shares are currently strong, up 73.23% YTD.
The expected EPS is a key figure that investors watch, but the historical performance indicates that the stock's reaction to earnings reports can be unpredictable. The recent positive stock performance may buffer negative reactions, but guidance will likely play a critical role in short-term price movements.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100