This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Expect Another Great Report From Qualcomm Wednesday

NEW YORK (TheStreet) -- This is a busy week for technology earnings. Apple (AAPL) reports results Tuesday and Qualcomm ( QCOM ) shares its second-quarter results Wednesday. Investors should anticipate the release shortly after the market closes.

Apple's results have the potential to influence the expected results of Qualcomm. Texas Instruments (TXN) is a Qualcomm peer that reported Monday. You will want to keep track of industry observations from Texas Instruments for clues of what to expect from Qualcomm.

Conference calls are occasionally insightful for gauging the health of a particular space. Texas Instruments' conference call was expected after the earnings release. Qualcomm investors should expect an impact on Qualcomm shares if any unforeseen related market conditions were revealed.

QCOM ChartQCOM data by YCharts

52-Week Range: $53.09 to $68.50

Price To Book: 3.1

The analysts consensus profit appraisal is presently $1.16 a share, a gain of 15 cents (12.9%) from $1.01 during the corresponding quarter last year. The lowest analyst estimate this report is $1.12 per share, and the highest is $1.22 per share. If Qualcomm beats this week, the company will have only missed one quarter out of the last 14.


The last time Qualcomm missed was for the third quarter, reported on July 18, 2012. It wasn't much of a miss (only 1 cent) and was "close enough" for Wall Street. Shares jumped higher the next day and have trended mostly higher since.

After Qualcomm's last report on Jan, 30, the shares closed before the release at $63.53 and opened the next day at $67.08, an increase of over 5%. Analysts have lower expectations for this quarter compared to last quarter.

Analyst opinion is mixed with this company. Most of the analysts surveyed don't believe a buy or a sell is currently warranted. The stock appreciated 2% in the last year; however, the average analyst target price is quite bullish at $75.39.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,869.86 -42.25 -0.25%
S&P 500 1,969.94 -0.01 -0.00%
NASDAQ 4,460.7010 +18.0030 0.41%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs