Earnings Outlook For Qualcomm
Portfolio Pulse from Benzinga Insights
Qualcomm (NASDAQ:QCOM) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $2.37. Investors are looking for an earnings beat and positive guidance for future growth. Qualcomm's stock performance has been positive over the last year, with shares up 7.52%. Past earnings have shown mixed results with both beats and misses affecting stock price movements.
January 30, 2024 | 2:01 pm
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Qualcomm is anticipated to report quarterly earnings with an estimated EPS of $2.37. Past performance shows significant stock price movements post-earnings release. Investors are optimistic due to a 7.52% increase in share price over the last 52 weeks.
Given Qualcomm's history of stock price movements post-earnings and the overall positive performance over the last year, there is a likelihood of a positive short-term impact on QCOM's stock price if the earnings beat estimates and the company provides favorable guidance. However, the market's reaction can be unpredictable, and guidance often plays a critical role in stock performance.
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