Posted 2/12/2024, 10:45:17 PM
Broadcom Stock Slips Ahead of Earnings Despite Expected Revenue and EPS Growth
- Broadcom Inc. (AVGO) stock fell 1.44% on Thursday while the S&P 500 fell just 0.1%
- AVGO underperformed the market ahead of its upcoming earnings report on March 7, 2024
- Analysts estimate AVGO will report EPS of $10.59, up 2.52% year-over-year, on revenue of $11.27 billion, up 26.37%
- AVGO has a Forward P/E ratio of 27, lower than its industry average of 30.26
- The Electronics - Semiconductors industry ranks in the bottom 19% of Zacks industries, suggesting below average growth prospects