Broadcom Corp. (BRCM): Earnings Whisper

Broadcom Corp. (BRCM) is slated to report its 2Q15 earnings today after the close with a conference call to follow at 4:45pm ET. The company is expected to report revenue of $2.10 billion. Similarly, the EPS is projected at $0.75. A year ago, Broadcom earned $0.65 a share. The Street’s estimates for the quarter reflect a year-over-year EPS growth of 15.38%. Meanwhile, EarningsWhisper.com reports a whisper number of $0.79 per share.

As a quick reminder, Broadcom reported 1Q/15 EPS of $0.64, $0.04 better than the Street’s consensus estimate. Revs rose more than 4% yoy from $1.98 billion to $2.06 billion versus the $17.49 billion consensus.

On valuation measures, Broadcom Corp. shares are currently priced at 45.42x this year’s forecasted earnings compared to the industry’s 9.72x earnings multiple. Ticker has a PEG and forward P/E ratio of 1.32 and 16.04, respectively. Price/Sales for the same period is 3.62 while EPS is 1.14. Currently there are 11 analysts that rate BRCM a ‘Buy’, 22 rate it a ‘Hold’. No analyst rates it a ‘Sell’. BRCM has a median Wall Street price target of $58.00 with a high target of $67.00.

In the past 52 weeks, shares of Irvine, Calif.-based provider of semiconductor solutions for wired and wireless communications have traded between a low of $34.50 and a high of $57.70 and are now at $51.82. Shares are up 38.35% year-over-year and 19.72% year-to-date.

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