QUALCOMM Incorporated (NASDAQ:QCOM) most recently reported quarterly actual earnings per share of $1.03 for the period ending on 2016-06-30. Prior to the company reporting, consensus estimates based on data from Zacks Research projected the company to report EPS of $0.83. The difference between the estimate and the actual EPS was $0.2 creating a surprise factor of 24.1%. Currently, the company has an impact score of 81. The likelihood that the stock will move on news is greater with a higher impact score. According to Beta Research, the stock has a sentiment score of 0.098. On a scale between 1 and -1, a positive score tends to portray a favorable view of company results by news outlets. The opposite is true for a negative sentiment score.
In taking a look at where the stock might be headed, analysts have a consensus price target of $59.617 on the shares. The most bullish brokerage firm has a $70 target, while the most bearish sees the stock headed towards $39. This is according to the 17 estimates taken into consideration by Zacks Research.
In terms of Buy/Sell recommendations, analysts have a consensus rating of 2.32. This is according to a simplified scale where 1 represents a Strong Buy and 5 a Strong Sell recommendation. There were 17 recommendations taking into account in order to arrive at this number. Of the 17, 9 have a Strong Buy rating and 1 are rating it a Buy.
QUALCOMM Incorporated (Qualcomm) is engaged in designing and manufacturing of digital communications products and services based on code division multiple access (CDMA), Orthogonal Frequency Division Multiplexing (OFDMA) and other technologies. The Company operates in four segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); Qualcomm Wireless & Internet (QWI), and Qualcomm Strategic Initiatives (QSI). The Company develops and supply integrated circuits and system software based on CDMA, OFDMA and other technologies for uses in voice and data communications, networking, application processing, multimedia and global positioning system products. Effective July 4, 2013, Bharti Airtel Ltd raised its interest to 51% from 49% by acquiring a 2% interest in Qualcomm India Pvt Ltd, from Qualcomm Inc. In November 2013, the Company sold its subsidiary, Omnitracs, Inc to Vista Equity Partners.
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