Qualcomm’s Q3 Earnings Call: Examining Past Performance, Analyst Estimates, and Market Trends

🌥️Introduction:

Qualcomm Incorporated (NASDAQ: QCOM) is set to announce its fiscal Q3 earnings results on August 2nd, 2023. The company, known for its innovative wireless technologies and semiconductor products, has been a prominent player in the telecommunications industry. In this article, we will delve into the upcoming earnings call using various perspectives, namely fundamental analysis, technical analysis, historical guidance, and analysts’ estimates. Join us as we explore how Qualcomm has fared in recent times and what to expect from their latest financial report.

Fundamental Analysis:

	ReportDate	NetIncome	TotalRevenue	DilutedEPS	unit
Q3	2023-06-30	1.8	8.5	1.60	billion USD
Q2	2023-03-31	1.7	9.3	1.52	billion USD
Q1	2022-12-31	2.2	9.5	1.98	billion USD
Q4	2022-09-30	2.9	11.4	2.53	billion USD
Q3	2022-06-30	3.7	10.9	3.29	billion USD

To understand Qualcomm‘s financial health, it is crucial to analyze its fundamental data. Looking at the company’s past year financials, Qualcomm reported a net income of $1.8 billion and total revenue of $8.5 billion in Q3 2023. Additionally, the diluted earnings per share (EPS) stood at $1.60 billion for the same quarter. Compared to the previous quarters, Qualcomm‘s net income and EPS have shown a slight decline, indicating a potential area of focus for the upcoming earnings call.

However, it is important to note that past performance does not guarantee future results. Investors should consider additional factors and upcoming market trends.

Technical Analysis:

	since	low	high	change	change%
1D	2023-08-07	117.9	122.7	-2.2	-1.8
5D	2023-08-01	114.9	132.4	-12.7	-9.6
1M	2023-07-07	114.8	133.0	3.4	2.9
3M	2023-05-08	101.5	133.0	11.0	10.2

Examining Qualcomm‘s three-month price performance can provide valuable insights into market trends. During this period, the company’s stock experienced both highs and lows. The stock hit a low of $101.5 and a high of $133.0, signaling a potential volatility in the market. Most recently, the stock exhibited a decrease of 1.8% in just one day. These fluctuations indicate that the market sentiment around Qualcomm might be influenced by various factors, making it an interesting analysis point for the earnings call.

Historical Guidance:

Examining past guidance given by Qualcomm can help anticipate the expectations they might set for the upcoming quarter. Looking at the various estimates from MorningStar, analysts have consistently revised down their adjusted EPS estimates. The current estimate stands at $1.79, with a slight decrease from estimates made 7 and 30 days ago. However, it is important to keep in mind that these are merely estimates and should not be taken as certain outcomes.

Analysts’ Estimates:

Analysts play a crucial role in shaping market sentiment and expectations. By considering their estimates, investors can gain insights into Qualcomm‘s potential future performance. According to MorningStar’s consensus estimates, analysts expect Qualcomm‘s adjusted EPS for the quarter to be around $1.79. These estimates have remained relatively consistent over the past 90 days, signaling the market’s stability in its expectations for Qualcomm‘s performance. However, investors should remember that these estimates are not guaranteed outcomes and should be taken as indications rather than certainties.

Conclusion:

With Qualcomm‘s Q3 earnings call approaching, investors and industry observers eagerly anticipate gaining insight into the company’s performance and future prospects. Considering multiple perspectives such as fundamental and technical analysis, historical guidance, and analysts’ estimates help paint a comprehensive picture of Qualcomm‘s position in the market.

While Qualcomm has experienced some declines in net income and EPS in recent quarters, it is crucial to remember that the stock market is influenced by various factors. The recent fluctuations in Qualcomm‘s stock price highlight potential volatility in the market, further emphasizing the importance of the earnings call in understanding the company’s current standing.

Investors, analysts, and industry enthusiasts should follow Qualcomm‘s earnings call to gain a deeper understanding of the company’s financial position, learn about its growth strategies, and evaluate its ability to navigate competitive market dynamics. Keeping an eye on Qualcomm‘s future innovations and strategic decisions will be key for anyone interested in the telecommunications sector.

Overall, Qualcomm‘s upcoming earnings call promises to provide valuable insights for investors and market enthusiasts alike. Be sure to tune in on August 2nd, 2023, at 4:45 PM EST to stay informed about Qualcomm‘s financial performance and future outlook in the ever-evolving landscape of wireless technologies.