On Thursday, March 12, Broadcom (NASDAQ: AVGO) will release its latest earnings report. Benzinga's report can help you figure out the ins and outs of the earnings release.
Earnings and Revenue
Wall Street analysts see Broadcom reporting earnings of $5.34 per share on revenue of $6.00 billion.
If the company were to match the consensus estimate, earnings would be down 3.78%. Sales would be up 3.64% on a year-over-year basis. Here's how the company's reported EPS has compared to analyst estimates in the past:
|Quarter||Q4 2019||Q3 2019||Q2 2019||Q1 2019|
Over the last 52-week period, shares are down 0.49%. Given that these returns are generally negative, long-term shareholders are probably a little upset going into this earnings release. Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. The popular rating by analysts on Broadcom stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.
Broadcom is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/dv2of6z3