Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report? | Broadcom: Unlikely …

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Will Broadcom Inc. (AVGO) Beat Estimates Again in Its Next Earnings Report?

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Broadcom Inc. (AVGO). This company, which is in the Zacks Electronics – Semiconductors industry, shows potential for another earnings beat.

When looking at the last two reports, this chipmaker has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 3.65%, on average, in the last two quarters.

For the most recent quarter, Broadcom Inc. was expected to post earnings of $1.58 per share, but it reported $1.57 per share instead, representing a surprise of 0.64%. For the previous quarter, the consensus estimate was $1.5 per share, while it actually produced $1.6 per share, a surprise of 6.67%.

Broadcom: Unlikely To Fly Post-Earnings (Downgrade) (NASDAQ:AVGO)

Broadcom (AVGO) is one of my favorite stocks out there because the company's mix of growth and profitability is absolutely unique. In my previous AVGO article, I remained bullish but

Analyst’s Disclosure:I/we have a beneficial long position in the shares of AVGO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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