Posted 3/15/2024, 9:45:21 PM
Qualcomm Stock Dips Despite Broader Market Losses; Investors Look Ahead to Earnings
- Qualcomm (QCOM) stock fell 0.72% despite S&P 500's 0.65% loss and Dow's 0.49% loss
- QCOM shares up 7.99% over last month, beating sector and S&P 500
- Investors await QCOM's next earnings report on projected $2.31 EPS and $9.29B revenue
- Full year forecasts are $9.57 EPS (up 13.52%) and $37.54B revenue (up 4.83%)
- QCOM has premium valuation with forward P/E of 17.61 and PEG of 1.84 vs industry averages of 14.88 and 1.43