Qualcomm To Surprise To Upside Today, Strategist Says

In a preview of Qualcomm, Inc. (NASDAQ:QCOM) earnings today after the close of the market, investment strategist Louis Navellier wrote in a note to clients:

Get The Full Henry Singleton Series in PDF

Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues

Q4 2021 hedge fund letters, conferences and more

Qualcomm's Earnings Announcement

Qualcomm is acting very well today before its earnings announcement today after the market close. Qualcomm is now viewed as a 5G stock that is prospering with the expansion of 5G around the world.

I am expecting QCOM to post a significant positive Q4 earnings surprise.   The analyst community is forecasting Q4 sales of $10.42 billion and 38.7% annual operating Q4 earnings growth of $3.01 per share.  In the past 3 months, the analyst community has revised their consensus earnings estimate up 16.2%.  Typically, positive analyst earnings revisions precede future earnings surprises.

In the past three quarters, Qualcomm's earnings surprises have been 13.8%, 14.3% and 12.8%, respectively.