Inside QUALCOMM’s Upcoming Third Quarter Earnings Release

S&P 500 (NYSE:SPY) component QUALCOMM Incorporated (NASDAQ:QCOM) will unveil its latest earnings on Wednesday, July 20, 2011. Qualcomm Incorporated designs and manufactures digital wireless telecommunications products and services based on its CDMA technology and other technologies.

QUALCOMM Incorporated Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 62 cents per share, a rise of 24% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 61 cents. For the year, analysts are projecting profit of $2.77 per share, a rise of 34.5% from last year.

Past Earnings Performance: The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 5 cents, reporting net income of 77 cents per share against a mean estimate of profit of 72 cents per share.

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Wall St. Revenue Expectations: On average, analysts predict $3.59 billion in revenue this quarter, a rise of 33% from the year ago quarter. Analysts are forecasting total revenue of $14.75 billion for the year, a rise of 34.2% from last year’s revenue of $10.99 billion.

Analyst Ratings: Analysts are bullish on this stock with 33 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

Key Stats:

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 29.1% while it rose 39.1% in the first quarter and 7.9% in the fourth quarter of the last fiscal year.

Revenue has now gone up for three straight quarters. In second quarter, revenue rose 45.5% to $3.88 billion while the figure rose 25.4% in the first quarter from the year earlier and 9.7% in the fourth quarter of the last fiscal year.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), Nokia Corporation (NYSE:NOK), Motorola Mobility Hldgs. Inc (NYSE:MMI), NVIDIA Corporation (NASDAQ:NVDA), Atheros Communications, Inc. (NASDAQ:ATHR), and Microsoft Corporation (NASDAQ:MSFT).

Stock Price Performance: During July 8, 2011 to July 14, 2011, the stock price had dropped $4.44 (-7.5%) from $59.36 to $54.92. The stock price saw one of its best stretches over the last year between June 29, 2011 and July 8, 2011 when shares rose for seven-straight days, rising 7.1% (+$3.93) over that span. It saw one of its worst periods between March 3, 2011 and March 16, 2011 when shares fell for 10-straight days, falling 14.2% (-$8.31) over that span. Shares are up $5.78 (+11.8%) year to date.

(Source: Xignite Financials)

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