It has been about a month since the last earnings report for Qualcomm (QCOM). Shares have added about 9.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Qualcomm due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended upward during the past month.
VGM Scores
At this time, Qualcomm has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the top 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Qualcomm has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Qualcomm belongs to the Zacks Electronics - Semiconductors industry. Another stock from the same industry, Lam Research (LRCX), has gained 17.3% over the past month. More than a month has passed since the company reported results for the quarter ended March 2025.
Lam Research reported revenues of $4.72 billion in the last reported quarter, representing a year-over-year change of +24.4%. EPS of $1.04 for the same period compares with $0.78 a year ago.
Lam Research is expected to post earnings of $1.18 per share for the current quarter, representing a year-over-year change of +45.7%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.6%.
Lam Research has a Zacks Rank #2 (Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of C.
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QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Lam Research Corporation (LRCX): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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