Broadcom Stock Slips Despite Market Gains Ahead of Earnings Report
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Broadcom Inc. (AVGO) stock fell amid market uptick on latest trading day. Stock trails S&P 500's gain.
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Analysts watching Broadcom's upcoming earnings report closely. Projected to report EPS growth of 4.98%.
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Consensus estimates call for revenue growth of 3.92% year-over-year.
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Zacks Rank system helps predict stock performance using estimate changes. AVGO currently has Zacks Rank #3 (Hold).
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AVGO trades at discount to industry average valuation metrics. Lower PEG ratio than industry peers.