|Bid||134.61 x 900|
|Ask||134.90 x 1000|
|Day's Range||128.57 - 138.40|
|52 Week Range||101.93 - 184.00|
|Beta (5Y Monthly)||1.25|
|PE Ratio (TTM)||11.83|
|Earnings Date||Apr 25, 2023 - May 01, 2023|
|Forward Dividend & Yield||3.00 (2.17%)|
|Ex-Dividend Date||Mar 01, 2023|
|1y Target Est||148.09|
Top mobile technology equipment supplier Qualcomm (NASDAQ: QCOM) reported its latest set of earnings on Friday, and the market didn't react all that positively. Qualcomm's first quarter of fiscal 2023 saw the California-based company earn $9.46 billion in revenue, which was a 12% decline from the same period the previous year. This meant a mixed quarter for Qualcomm, as analysts tracking the stock were collectively estimating it would book $9.6 billion on the top line yet only $2.36 in per-share, adjusted net income.
Yahoo Finance Live anchors discuss the decline in stock for Qualcomm.
The average brokerage recommendation (ABR) for Qualcomm (QCOM) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?