Qualcomm (QCOM) ended the recent trading session at $131.25, demonstrating a +2.49% change from the preceding day's closing price. This change outpaced the S&P 500's 1.02% gain on the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.23%.
Prior to today's trading, shares of the chipmaker had lost 1.36% lagged the Computer and Technology sector's gain of 1.17% and the S&P 500's gain of 0.63%.
Investors will be eagerly watching for the performance of Qualcomm in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on April 29, 2026. The company is predicted to post an EPS of $2.57, indicating a 9.82% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.64 billion, showing a 1.85% drop compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.04 per share and a revenue of $43.42 billion, representing changes of -8.23% and -1.63%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Qualcomm. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.65% decrease. At present, Qualcomm boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Qualcomm is currently trading at a Forward P/E ratio of 11.6. This valuation marks a discount compared to its industry average Forward P/E of 39.5.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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QUALCOMM Incorporated (QCOM): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).