Qualcomm (QCOM) is set to release its 2nd quarter 2013 earnings on Tuesday, April 24th at 10:45 pm ET. Below I have provided an update of the quarter as well as an overview of earnings expectations.
P/E of 19.1 is below the industry averages 62.1.
Net income growth over the last three years has averaged 56.6% which is above the industry averages 48.2%.
Operating margins of 30.4%, net margins of 32.3%, ROA of 16.0 and ROE of 20.7 all are above the industry averages 9.9%, 7.3%, 5.5 and 10.1 respectively.
1.57% dividend yield.
ROIC has grown in each of the last three years and came in at 20.2% last year.
Baseband chip provider for Apple's iPhone, 4S and 5 devices.
Receives royalties from carriers using or upgrading to CDMA networks (includes 3G).
P/B of 3.1 and P/S of 5.4 are both above the industry averages 2.1 and 1.6 respectively.
Faces stiff price competition and will need to stay ahead of competitors to fight off declining margins.
Qualcomm is definitely a force to be reckoned with and shares have deservingly rewarded investors who spotted its dominant chip position before they took off. Sell-side analysts still see shares above their current price and if Qualcomm's report next week shows continued success, investors looking to add to or initiate a new position will be pressed for time.