Qualcomm Gears Up For Q2 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

QUALCOMM Incorporated QCOM is expected to release earnings results for its second quarter fiscal 2024, after the closing bell on May 1.

Analysts expect the San Diego, California-based company to report quarterly earnings at $2.17 per share, up from $2.15 per share in the year-ago quarter. QUALCOMM is projected to report quarterly revenue of $8.72 billion, according to data from Benzinga Pro.

On April 17, Qualcomm announced a quarterly cash dividend of 85 cents per common share.

QUALCOMM shares fell 2% to close at $165.85 on Tuesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Benchmark analyst Cody Acree initiated coverage on the stock with a Buy rating and a price target of $200 on April 23. This analyst has an accuracy rate of 74%.
• Evercore ISI Group analyst Mark Lipacis initiated coverage on the stock with an In-Line rating and a price target of $177 on April 16. This analyst has an accuracy rate of 79%.
• Susquehanna analyst Christopher Rolland maintained a Positive rating and boosted the price target from $175 to $205 on April 10. This analyst has an accuracy rate of 79%.
• Cantor Fitzgerald analyst C J Muse maintained a Neutral rating and increased the price target from $150 to $190 on April 8. This analyst has an accuracy rate of 71%.
• Keybanc analyst John Vinh maintained an Overweight rating and boosted the price target from $180 to $205 on April 8. This analyst has an accuracy rate of 74%.

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