Zacks Investment Research | Aug 29, 2016 11:28PM ET
On Thursday, September 1st, Broadcom Ltd. (AVGO) will release its Q3 2016 earnings results. The company is currently a Zacks Rank #3 (Hold) and shares are up about 22% year-to-date.
Dave will look into Broadcom’s past earnings, look at what is currently going on with the company, and gives us his thoughts on their upcoming earnings announcement.
Furthermore, Dave will look into some potential options trades for investors looking to make a play on Broadcom ahead of earnings.
Broadcom in Focus
Broadcom Ltd. is a designer, developer and supplier of analog and digital semiconductor connectivity solutions. The company provides data center networking, home connectivity, broadband access, telecommunications equipment, smartphones and base stations, data center servers and storage, factory automation, power generation and alternative energy systems and displays.
Broadcom beat expectations in its Q2 2016 earnings report, topping the Zacks Consensus Estimate of $2.00 by 6.5%.
AVGO has an average EPS surprise of 6.45% for the last four quarters. In Q3 and Q4 of 2015, the company beat our consensus estimate by 5.67% and 6.39% respectively. Broadcom also topped in Q1 of 2016, surpassing our consensus estimate by 7.25%.
Zacks Investment Research
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.