Broadcom has been a standout among heavily watched semiconductor names, with shares up 10.3% over the past month. That advance outpaced both the broader market, where the S&P 500 gained 1.9%, and the semiconductor group’s 5.3% rise over the same period.
For near-term direction, earnings expectations remain the key driver. Analyst consensus for the current quarter calls for earnings of $1.66 per share, a rise of 33.9% from a year ago, with the estimate essentially unchanged over the last 30 days. For the full fiscal year, consensus sits at $6.63 per share, up 36.1% year over year, edging 0.1% higher over the past month. Looking ahead to next fiscal year, the current $8.28 per-share view implies 24.9% growth and has also nudged 0.1% higher in the last month.
What this means: share prices tend to follow the direction of earnings estimate revisions. The modest upward tweaks to full-year and next-year forecasts, combined with a strong projected year-over-year growth profile, support a constructive backdrop. At the same time, the lack of meaningful changes to near-term estimates suggests a more neutral setup in the very short run, with the next notable catalyst likely to be the upcoming earnings report and guidance.
Additional context and what to watch:
– Momentum versus peers and the broader market is favorable, which can attract incremental interest if estimate trends continue to firm.
– Stability in the current-quarter outlook reduces surprise risk; firmer upward revisions would be the clearest signal for another leg higher.
– Keep an eye on changes in consensus over the next few weeks; even small estimate upgrades can be meaningful when sentiment is strong.
Summary:
– Stock up 10.3% in a month, beating both the S&P 500 and the semiconductor industry.
– Current-quarter EPS estimate: $1.66, up 33.9% year over year, unchanged over 30 days.
– Current fiscal-year EPS estimate: $6.63, up 36.1% year over year, +0.1% in the last month.
– Next fiscal-year EPS estimate: $8.28, up 24.9% year over year, +0.1% in the last month.
– Slightly improving estimates and strong projected growth are positives; a steadier flow of upward revisions would likely be the next catalyst.