Qualcomm Incorporated (QCOM) is scheduled to release earnings on November 7, 2018, after the market closes, and will hold a conference call at 4:45 PM ET on the same day. The stock currently trades at 63.47, which is 0.2% lower than the close following its last reported earnings, trading with a range of 61.18 to 76.50 since that time.
Expected Price Volatility
Currently, option traders are expecting a ± 6.2% move for this earnings, and during the previous earnings release, the stock experienced a +7.0% move. Over the last 12 quarters, the absolute average move has been ± 4.6%, with a minimum move of 0.1% and a maximum move of 15.3%. QCOM has experienced 5 larger-than-expected earnings moves in the last 12 quarters.
Earnings Price Pattern
3 Days Before Earnings:For 5 of the last 6 quarters (83%), QCOM stock price has gone down in the 3 days before earnings. It has had an average loss of -0.8% during that span.
Earnings Option Strategies
MarketChameleon's option strategy analysis
shows that selling out-of-the-money puts the day before earnings had 73%
winning occurrences, for an average gain of +45.4%
. Additionally, selling at-the-money straddles resulted in 55%
winning occurrences, for an average return of +18.1%
Analysts are currently expecting QCOM to report an earnings of $0.82 per share, compared to $0.92 for the same quarter last year. Revenue is expected to come in at $5.5 billion versus $6.0 billion for the previous year.
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