Broadcom Inc. (NASDAQ:AVGO) is expected to report earnings of $10.12 per share for the fiscal quarter ending April 2023, according to AC Investment Research. This would represent a year-over-year increase of 11.69%.
The consensus estimate for revenue is $8.71 billion, which would represent a year-over-year increase of 7.5%.
Broadcom is a global technology company that provides semiconductor and software solutions. The company's products are used in a wide range of industries, including networking, data center, storage, and software.
Broadcom has been growing rapidly in recent years. In the fiscal year 2022, the company's revenue grew 20.74% year-over-year.
The company's growth is being driven by the increasing demand for its products in the cloud computing and networking markets. Businesses are moving to the cloud to improve their agility and efficiency. Broadcom is well-positioned to benefit from this trend.
Broadcom is also benefiting from the growth of its international business. The company's international revenue grew 15.7% year-over-year in the fiscal year 2022.
Broadcom is expected to continue to grow rapidly in the coming years. The company is well-positioned to benefit from the increasing demand for its products in the cloud computing and networking markets.
Analyst Rating
Analysts are bullish on Broadcom's earnings outlook. The consensus estimate for earnings per share for the fiscal year 2023 is $41.21, which would represent a year-over-year increase of 9.48%.
Analysts are also bullish on Broadcom's revenue outlook. The consensus estimate for revenue for the fiscal year 2023 is $35.39 billion, which would represent a year-over-year increase of 6.58%.
Investors' Take
Investors are likely to be pleased with Broadcom's earnings outlook. The company is expected to continue to grow rapidly in the coming years. This growth is being driven by the increasing demand for its products in the cloud computing and networking markets.
Investors who are looking for a growth stock with a strong earnings outlook may want to consider Broadcom.
What to Watch for in Broadcom's Earnings Report
Investors will be watching for the following key metrics in Broadcom's earnings report:
- Revenue growth: Broadcom is expected to report revenue growth of 7.5% year-over-year.
- Earnings per share growth: Broadcom is expected to report earnings per share growth of 11.69% year-over-year.
- Customer growth: Broadcom is expected to report net new customer additions of 300,000.
- International revenue growth: Broadcom is expected to report international revenue growth of 15% year-over-year.
Overall, investors are likely to be pleased with Broadcom's earnings outlook. The company is expected to continue to grow rapidly in the coming years. This growth is being driven by the increasing demand for its products in the cloud computing and networking markets.
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