Qualcomm Inc. First Quarter Earnings Sneak Peek

S&P 500 (NYSE:SPY) component Qualcomm, Inc. (NASDAQ:QCOM) will unveil its latest earnings on Wednesday, February 1, 2012. Qualcomm designs and manufactures digital wireless telecommunications products and services based on its CDMA technology and other technologies.

Qualcomm, Inc. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 81 cents per share, a rise of 17.4% 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 77 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 81 cents during the last month. Analysts are projecting profit to rise by 7% versus last year to $3.22.

Past Earnings Performance: The company missed estimates last quarter after beating forecasts in the prior two. In the fourth quarter of the last fiscal year, the company reported net income of 68 cents per share versus a mean estimate of profit of 69 cents per share. In the third quarter of the last fiscal year, the company beat estimates by one cent.

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?

Wall St. Revenue Expectations: On average, analysts predict $4.57 billion in revenue this quarter, a rise of 36.4% from the year ago quarter. Analysts are forecasting total revenue of $18.44 billion for the year, a rise of 23.3% from last year’s revenue of $14.96 billion.

Analyst Ratings: Analysts are bullish on this stock with 32 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the fourth quarter of the last fiscal year, profit rose 22.1% to $1.06 billion (62 cents a share) from $865 million (53 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 39.5% to $4.12 billion from $2.95 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 36.1%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 45.5% from the year earlier quarter.

The company has seen net income rise in three straight quarters. Net income rose 34.9% in the third quarter of the last fiscal year and 29.1% in the second 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), Infineon Tech. AG (IFNNY), Atheros Communications, Inc. (NASDAQ:ATHR), and Microsoft Corporation (NASDAQ:MSFT).

Stock Price Performance: During October 28, 2011 to January 26, 2012, the stock price had risen $4.79 (9%) from $53.02 to $57.81. 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% (+$3.90) 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% (-$8.24) over that span.

(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)

Investing Insights: Will the iPad 3 Be the Next Catalyst for Apple’s Stock?