Broadcom Inc. (NASDAQ: AVGO) is set to announce its first-quarter fiscal 2022 results, with expectations of earnings per share reaching $8.72 and revenues of $7.91 billion, marking a year-over-year revenue growth of 15.8%. Although the stock has faced a recent decline of -8.1%, it remains a top holding in the iShares PHLX Semiconductor ETF and has appreciated by 22% over the past year. Broadcom's positive outlook is reinforced by a Zacks Rank #2 (Buy) rating and a strong track record of exceeding revenue estimates, contributing to overall investor confidence amid market fluctuations.
“Broadcom and NVIDIA · are · top holdings · of iShares PHLX Semiconductor ETF”
“Broadcom Inc. (AVGO) · has been · one of the most searched-for stocks · true”
“Broadcom Inc. (AVGO) · has returned · -8.1% · over the past month”
“Broadcom Inc. · is expected to post earnings of · $8.72 per share · for the current quarter”
“Broadcom Inc. · indicates a year-over-year change of · +31.7% · for the current quarter earnings”
“Broadcom Inc. · has a consensus earnings estimate of · $35.67 · for the current fiscal year”
“Broadcom Inc. · is rated · Zacks Rank #2 (Buy) · due to earnings estimate changes”
“Broadcom Inc. · is expected to report revenues of · $7.91 billion · for the current quarter”
“Broadcom Inc. · reported revenues of · $7.71 billion · in the last reported quarter”
“Broadcom Inc. · indicates a year-over-year change of · +15.8% · for last quarter revenues”
“Broadcom Inc. · has topped · consensus revenue estimates · each time over four quarters”
“Broadcom Inc. · is graded · C · on Zacks Value Style Score”
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