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Will Qualcomm (QCOM) Beat Estimates Again in Its Next Earnings Report?
2025-05-01 06:45:03| Spiritual Career Counseling
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Qualcomm (QCOM), which belongs to the Zacks Electronics - Semiconductors industry.This chipmaker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 10.73%. For the most recent quarter, Qualcomm was expected to post earnings of $2.93 per share, but it reported $3.41 per share instead, representing a surprise of 16.38%. For the previous quarter, the consensus estimate was $2.56 per share, while it actually produced $2.69 per share, a surprise of 5.08%.Price and EPS SurpriseFor Qualcomm, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combin...
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