Leading semiconductor solutions maker Broadcom Corp. (BRCM) is expected to report its third-quarter 2015 results after the market close on Monday. Wall Street analysts are on average expecting the name to post $2.14 billion in sales during the quarter. This would show a 1.90% increase from the Q215 revenue of $2.10, and an increase of about 5% from the same period in Q214. EPS in Q315 are expected to come in at $0.73, a decline rate of about 20% from $0.91 per share a year earlier. Meanwhile, EarningsWhisper.com reports a whisper number of $0.76 per share.
As a quick reminder, BRCM reported Q115 EPS of $0.64, $0.04 better than the Street’s consensus estimate. Revs decreased 3.90% year-over-year to $2.06 vs. the $1.96 billion consensus.
On valuation measures, Broadcom Corp. shares are currently priced at 30.12x this year’s forecasted earnings, compared to the industry’s 10.74x earnings multiple. Ticker has a PEG and forward P/E ratio of 2.76 and 17.71, respectively. Price/sales for the same period is 3.73 while EPS is 1.76. Currently there are 4 analysts that rate BRCM a ‘Buy’, 24 rate it a ‘Hold’. No analysts rate it a ‘Sell’. BRCM has a median Wall Street price target of $55 with a high target of $64.
In the past 52 weeks, shares of Irvine, California-based company have traded between a low of $39.43 and a high of $57.70 and are now at $53.13.
Shares are up 36.57% year-over-year and 23.74% year-to-date.