SAN DIEGO - Qualcomm Inc . (NASDAQ:QCOM) has experienced a week of mixed stock performance, with a slight decline followed by an uptick as the market anticipates its upcoming earnings report. On Thursday, the company's shares dipped by 0.20%, closing at $139.03. However, they rebounded on Friday with a rise of 0.84%, reaching $140.20 by the market's close.
Over the past six months, Qualcomm's stock has demonstrated a robust performance, climbing nearly 13% and surpassing the industry average. This growth comes amid a range of analyst ratings, which currently average out to Overweight.
The spectrum of recommendations spans from Sell to Buy, reflecting a diverse set of expectations from market experts. Analysts are forecasting an earnings per share (EPS) of $2.36 for the next quarter, with revenue projections set at $9.49 billion for the current quarter.
Qualcomm is on the calendar to report its earnings on January 31, 2024, an event that market participants are watching closely.
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