AVGO) announces its next round of earnings this Thursday, September 03. Here is Benzinga’s look at Broadcom’s Q3 earnings report.
Earnings and Revenue
Based on Broadcom management projections, analysts predict EPS of $5.24 on revenue of $5.76 billion. In the same quarter last year, Broadcom posted EPS of $5.16 on sales of $5.51 billion. The analyst consensus estimate would represent a 1.55% increase in the company’s EPS figure. Broadcom’s reported EPS has stacked up against analyst estimates in the past like this:
| Quarter | Q2 2020 | Q1 2020 | Q4 2019 | Q3 2019 |
|---|---|---|---|---|
| EPS Estimate | 5.14 | 5.34 | 5.36 | 5.14 |
| EPS Actual | 5.14 | 5.25 | 5.39 | 5.16 |
| Revenue Estimate | 5.69 B | 6.00 B | 5.73 B | 5.55 B |
| Revenue Actual | 5.74 B | 5.86 B | 5.77 B | 5.51 B |
Stock Performance
Over the last 52-week period, shares are up 26.14%. Given that these returns are generally positive, long-term shareholders should be content going into this earnings release.
View more earnings on AVGO” data-reactid=”23″>View more earnings on AVGO
https://edge.media-server.com/mmc/p/tadikrv6” data-reactid=”24″>Don’t be surprised to see the stock move on comments made during its conference call. Broadcom is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/tadikrv6
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