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Q1 Earnings Outlook For Qualcomm

Qualcomm (NASDAQ: QCOM) announces its next round of earnings this Wednesday, February 5. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.

Benzinga · 02/05/2020 12:21

Qualcomm (NASDAQ: QCOM) announces its next round of earnings this Wednesday, February 5. Here is Benzinga's everything-that-matters guide for this Wednesday's Q1 earnings announcement.

Earnings and Revenue

Wall Street analysts see Qualcomm reporting earnings of 85 cents per share on revenue of $4.83 billion.

In the same quarter last year, Qualcomm posted a profit of $1.20 on sales of $4.82 billion. The Wall Street estimate would represent a 29.17% decline in the company's earnings. Sales would be have grown 0.31% from the same quarter last year. Here's how the company's EPS has stacked up against analyst estimates in the past:

 

QuarterQ4 2019Q3 2019Q2 2019Q1 2019
EPS Estimate0.7000.7500.7001.09
EPS Actual0.7800.8000.7701.2

Stock Performance

Over the last 52-week period, shares are up 74.32%. Given that these returns are generally positive, long-term shareholders are probably happy going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The average rating by analysts on Qualcomm stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

Qualcomm is scheduled to hold a conference call at 4:45 p.m. ET and can be accessed here: https://investor.qualcomm.com/news-events/events