Avago Technologies (AVGO) : Earnings Whisper

Avago Technologies Limited (AVGO) is set to report its 3Q/15 results today after the close with a conference call to follow at 2:00 p.m. PT. The semiconductor device supplier to the wireless, enterprise storage and industrial end markets is expected to report revenue of $1.74 billion. Similarly, the EPS is projected at $2.13. A year ago, Avago Technologies earned $1.26 a share. The Street’s estimates for the quarter reflect a year-over-year EPS and revenue increase of 69% and 37%, respectively. Meanwhile, EarningsWhisper.com reports a whisper number of $2.20 per share.

As a quick reminder, Avago reported 2Q/15 EPS of $2.13, $0.12 better than the Street’s consensus estimate of $2.01. Revs rose 79% year-over-year to $1.61 billion versus the $1.63 billion consensus.

On valuation measures, Avago Technologies shares are currently priced at 46.10x this year’s forecasted earnings, compared to the industry’s 11.35x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.48 and 11.94, respectively. Price/Sales for the same period is 4.67 while EPS is $2.39. Currently, there are 19 analysts that rate AVGO a ‘Buy’, 3 rate it a ‘Hold’. No analyst rates it a ‘Sell’. AVGO has a median Wall Street price target of $163.50 with a high target of $185.00.

In the past 52 weeks, shares of the Singapore-based company have traded between a low of $68.75 and a high of $150.50 and are now at $110.04.

Shares are up 46.15% year-over-year and 9.93% year-to-date.

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