That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. https://dotbig.com/) recently reported better-than-expected fiscal 2022 results. However, the company lowered its outlook for its fiscal first quarter of 2023. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not qcom stock agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Multiple woes are hitting stocks in this key tech stock sector and the outlook is dim. Sign Up NowGet this delivered to your inbox, and more info about our products and services. The company also said it implemented a hiring freeze at the start of the current quarter.
Qualcomm also sells RF-front end modules into smartphones and chips into automotive and Internet of Things markets. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.51% per year.
The company’s average rating score is 2.74, and is based on 15 buy ratings, 7 hold ratings, and no sell ratings. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity.
The company provided earnings per share guidance of $2.25-$2.45 for the period, compared to the consensus EPS estimate of $3.42. The company issued revenue guidance of $9.20 billion-$10.00 qcom billion, compared to the consensus revenue estimate of $12.02 billion. Qualcomm Incorporated includes Qualcomm’s licensing business, QTL, and the vast majority of its patent portfolio.
These returns cover a period from January 1, 1988 through September 12, 2022. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return.
Based on earnings estimates, QUALCOMM will have a dividend payout ratio of 27.03% next year. This indicates that QUALCOMM will be able to sustain or increase its dividend. QUALCOMM has a short interest ratio ("days to cover") of 1.7, which is generally considered an acceptable ratio of short interest to trading volume. According to analysts’ consensus price target of $159.80, QUALCOMM has a forecasted upside of 29.0% from its current price of $123.85. Our team of approximately 45,000 employees is comprised of engineers, scientists and business strategists. We are from numerous different countries, speak different languages and provide unique perspectives. Together, we focus on a single goal—invent mobile technology breakthroughs.
From your initial consultation, right through to your ongoing solution management, we stay with you to ensure you always get the most from your tech. The Zacks Industry https://dotbig.com/markets/stocks/QCOM/ Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum.
We focus on environmental, social and governance issues that are most important to our business and our key stakeholders, including investors, suppliers, customers, DotBig governments, employees, communities and nonprofit organizations. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Nothing in these materials is an offer to sell any of the components or devices referenced herein. References to "Qualcomm" may mean Qualcomm Incorporated, or subsidiaries or business units within the Qualcomm corporate structure, as applicable. Our inventions and breakthroughs have transformed the world in a big way. With more than $79B invested in research & development since 1985, our DotBig inventions have contributed to the formation of advanced cellular technologies. As the largest technology platform in the world, mobile has transformed the way we connect, compute and communicate. Measures how much net income or profit is generated as a percentage of revenue. The volatile market was no match for this healthcare company, which beat Q3 expectations and raised guidance.