Broadcom Inc. (AVGO) closed at $164.82, up +0.36%, outperforming the S&P 500. Chipmaker’s shares fell 5.07% last month, lagging behind the Tech sector. Earnings report on December 12, 2024, projects EPS of $1.39, a 25.23% increase from last year, and revenue of $14.06 billion, a 51.29% increase.

Investors await Broadcom Inc.’s upcoming earnings report. Recent analyst estimates show positive revisions, reflecting optimism. Zacks Rank system rates AVGO as a #2 (Buy). Forward P/E ratio at 26.85 indicates a discount compared to industry average of 35.5. PEG ratio is at 1.63, below industry average of 1.77.

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Broadcom Inc. (AVGO) is set to release earnings on December 12, 2024. Analysts predict positive growth with EPS at $1.39, up 25.23%, and revenue at $14.06 billion, up 51.29%. Zacks Rank rates AVGO as a #2 (Buy) with a forward P/E ratio of 26.85, below industry average. Consider this stock for potential growth.

Read more at Nasdaq: Broadcom Inc. (AVGO) Outperforms Broader Market: What You Need to Know