Broadcom Inc (AVGO, Financial) is set to release its Q3 2024 earnings on Sep 5, 2024. The consensus estimate for Q3 2024 revenue is $12.96 billion, and the earnings are expected to come in at $0.64 per share. The full year 2024's revenue is expected to be $51.45 billion and the earnings are expected to be $2.17 per share. More detailed estimate data can be found on the Estimates page.
Broadcom Inc (AVGO, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Broadcom Inc (AVGO) for the full year 2024 have increased from $50.43 billion to $51.45 billion, and for 2025 from $57.47 billion to $60.05 billion. Earnings estimates for the full year 2024 have risen from $2.12 per share to $2.17 per share, while for 2025, they have declined from $4.04 per share to $3.96 per share.
Broadcom Inc (AVGO, Financial) Reported History
In the previous quarter of April 30, 2024, Broadcom Inc's (AVGO) actual revenue was $12.49 billion, which beat analysts' revenue expectations of $12.03 billion by 3.82%. Broadcom Inc's (AVGO) actual earnings were $0.44 per share, which missed analysts' earnings expectations of $0.523 per share by -15.49%. After releasing the results, Broadcom Inc (AVGO) was up by 12.27% in one day.
Broadcom Inc (AVGO, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 31 analysts, the average target price for Broadcom Inc (AVGO) is $194.48 with a high estimate of $240 and a low estimate of $156. The average target implies an upside of 27.25% from the current price of $152.83.
Based on GuruFocus estimates, the estimated GF Value for Broadcom Inc (AVGO, Financial) in one year is $109.09, suggesting a downside of -28.62% from the current price of $152.83.
Based on the consensus recommendation from 39 brokerage firms, Broadcom Inc's (AVGO, Financial) average brokerage recommendation is currently 1.9, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
