Qualcomm Sees Q3 2024 Revenue $8.8B-$9.6B Vs $9.05B Estimate; Sees Adj. EPS $2.15-$2.35 Vs $2.17 Estimate
Portfolio Pulse from Benzinga Newsdesk
Qualcomm projects its Q3 2024 revenue to be between $8.8B and $9.6B, compared to the $9.05B estimate. The company also forecasts its adjusted EPS to range from $2.15 to $2.35, versus the $2.17 estimate.
May 01, 2024 | 8:00 pm
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NEUTRAL IMPACT
Qualcomm's Q3 2024 revenue and adjusted EPS forecasts are closely aligned with analyst estimates, indicating stable financial expectations.
Qualcomm's revenue and EPS forecasts for Q3 2024 are in line with analyst estimates, suggesting that the company's financial performance is expected to remain stable. This alignment with expectations indicates neither a significant positive nor negative surprise to investors, hence the neutral score. The high relevance reflects Qualcomm's direct mention and the focus on its financial outlook. The importance is rated at 75, considering that accurate earnings forecasts are crucial for investor confidence. The confidence level is at 90, based on the clear and specific financial projections provided.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100