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What you need to know
- Broadcom is scheduled to report its fourth quarter earnings on Thursday, after the close of markets.
- All 12 analysts who watch Broadcom and are tracked by Visible Alpha have a "buy" or equivalent rating for the company's stock.
- Broadcom hopes to recover from its loss last quarter due to expenses related to the merger.
Broadcom will release its earnings for the fourth quarter after the close of the markets on Thursday. The analysts are overwhelmingly optimistic about Broadcom.
Visible Alpha has tracked 12 Broadcom analysts. “buy” A consensus price of $195 is the equivalent or rating. It’s almost 10% more than the intraday price of $178 on Thursday.
Analysts estimate revenue to be 51% greater
Wall Street is expecting Broadcom to announce revenue of $14.06 billion (up 51% from last year) and net income at $3.52 Billion or 76 Cents Per Share, as opposed to $3.52 Billion or 83 Cents per Share a year ago.
Broadcom reported a $1.88bn loss in the last quarter due to an increase of expenses related to VMware’s November 2023 purchase.
Broadcom’s shares fell 3% in value on Thursday but they are expected to rise 60% between now and 2024.
UPDATE—Dec. The article was updated on December 12th, 2024 with more recent estimates from analysts and stock price data.
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