According to Zacks Investment Research, Qualcomm (QCOM) is a stock to watch, holding a Zacks Rank #3 (Hold) with a VGM Score of A. The company is positioned as a potential growth pick, boasting a Growth Style Score of B and an anticipated 15.6% year-over-year earnings growth for the current fiscal year; the consensus earnings estimate for fiscal 2025 has risen by $0.03 to $11.81 per share based on upward revisions from three analysts.
Qualcomm (QCOM) is presented by Zacks Investment Research as a noteworthy stock, particularly for growth-oriented investors, despite its current Zacks Rank #3 (Hold). The company exhibits strong underlying metrics, securing a VGM Score of A and a Growth Style Score of B. This assessment is supported by a significant forecast of 15.6% year-over-year earnings growth for the current fiscal year. Analyst sentiment regarding fiscal 2025 is also showing positive trends, evidenced by three upward earnings estimate revisions in the past 60 days, which has elevated the Zacks Consensus Estimate by $0.03 to $11.81 per share. Furthermore, QCOM has a demonstrated history of exceeding expectations, with an average earnings surprise of 6.4%. While a #3 Rank typically suggests a neutral short-term outlook based on earnings estimate revisions, Zacks' methodology indicates that companies with this rank but strong Style Scores, such as QCOM's A for VGM and B for Growth, still warrant investor attention due to their potential for upside.
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strongly positive
Sentiment Score
0.75
Ticker Sentiment
