AVGO is set to give its latest quarterly earnings report on Thursday , 2021-09-02. Here's what investors need to know before the announcement.
Analysts estimate that Broadcom will likely report an Earnings Per Share (EPS) of $6.88
Broadcom bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Past Earnings Performance
Last quarter the company beat on EPS by $3.12, which was followed by a 2.19 increase in the share price the next day.
Here's a look at Broadcom's past performance and the resulting price change:
|Quarter||Q2 2021||Q1 2021||Q4 2020||Q3 2020|
|Revenue Estimate||6.51 B||6.61 B||6.43 B||5.76 B|
|Revenue Actual||6.61 B||6.66 B||6.47 B||5.82 B|
Shares of Broadcom were trading at $497.21 as of August 31. Over the last 52-week period, shares are up 41.55%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
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