QUALCOMM Incorporated (NASDAQ:QCOM) is set to announce fourth quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, QCOM to report 4Q20 income of $ 1.17 per share.
For the full year, analysts anticipate top line of $ 21103.00 million, while looking forward to income of $ 3.93 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 1.05 ~ $ 1.25 per share, while revenues are expected in a range of $ 5,500.00 million ~ $ 6,300.00 million
Click Here For More Historical Outlooks Of QUALCOMM Incorporated
Previous Quarter Performance
QUALCOMM Incorporated communicated income for the third quarter of $ 0.86 per share, from the revenue of $ 4,890.00 million. Wall street analysts are predicting, QCOM to report 3Q20 income of $ 0.71 per share from revenue of $ 4810.00 million. The bottom line results beat street analysts by $ 0.15 or 21.13 percent, at the same time, top line results outshined analysts by $ 80.00 million or 1.66 percent.
Stock Performance
Shares of QUALCOMM Incorporated traded up $ 1.48 or 1.19 percent on Tuesday, reaching $ 125.45 with volume of 5.63 million shares. QUALCOMM Incorporated has traded high as $ 126.92 and has cracked $ 124.69 on the downward trend
According to the previous trading day, closing price of $ 125.45, representing a 113.74 % increase from the 52 week low of $ 58.00 and a 6.38 % decrease over the 52 week high of $ 132.42.
The company has a market capital of $ 141.54 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by Bank of America at Buy rating, with $ 165.00 target price.
- On 28th September 2020, maintained by Citigroup at Buy rating, with $ 132.00 target price.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital communication products worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on code division multiple access (CDMA), orthogonal frequency division multiple access, and other technologies for use in wireless voice and data communications, networking, application processing, multimedia, and global positioning system products.
