Qualcomm Inc. Fourth Quarter Earnings on Deck

S&P 500 (NYSE:SPY) component Qualcomm, Inc. (NASDAQ:QCOM) will unveil its latest earnings on Wednesday, November 2, 2011. 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 net income of 69 cents per share, a rise of 30.2% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved down. It has risen from 68 cents during the last month. For the year, analysts are projecting profit of $2.84 per share, a rise of 37.9% from last year.

Past Earnings Performance: Last quarter, the company beat estimates by one cent, coming in at net income of 63 cents a share versus the estimate of profit of 62 cents a share. It marked the fourth straight quarter of beating estimates.

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Wall St. Revenue Expectations: On average, analysts predict $4 billion in revenue this quarter, a rise of 35.6% from the year ago quarter. Analysts are forecasting total revenue of $14.84 billion for the year, a rise of 35% from last year’s revenue of $10.99 billion.

Analyst Ratings: Analysts are bullish on this stock with 30 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.

A Look Back: In the third quarter, profit rose 34.9% to $1.03 billion (61 cents a share) from $767 million (47 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 33.9% to $3.62 billion from $2.71 billion.

Key Stats:

The company has seen net income rise in three straight quarters. Net income rose 29.1% in the second quarter and 39.1% in the first quarter.

Revenue has risen the past four quarters. Revenue rose 45.5% in the second quarter from the year earlier, climbed 25.4% in the first quarter from the year-ago quarter 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) and Microsoft Corporation (NASDAQ:MSFT).

Stock Price Performance: During September 29, 2011 to October 27, 2011, the stock price had risen $3.39 (6.8%) from $50.13 to $53.52. 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% (+$3.91) 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% (-$8.27) over that span. Shares are up $4.60 (+9.4%) year to date.

(Source: Xignite Financials)

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