Broadcom Inc. (AVGO) Outpaces Stock Market Gains: What You Should Know
Broadcom Inc. (AVGO) closed at $315.69 in the latest trading session, marking a +1.59% move from the prior day. AVGO will be looking to display strength as it nears its next earnings release, which is expected to be March 12, 2020. Meanwhile, our latest consensus estimate is calling for revenue of $5.93 billion, up 2.36% from the prior-year quarter. For the full year, our Zacks Consensus Estimates are projecting earnings of $23.16 per share and revenue of $25.02 billion, which would represent changes of +8.78% and +10.72%, respectively, from the prior year. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.