High paying dividend stock, Broadcom's Q1 earnings in focus amid the hanging VMware deal
Justin Sullivan


Broadcom (NASDAQ:AVGO) is scheduled to announce Q1 earnings results on Thursday, March 2nd, after market close.
The consensus EPS Estimate is $10.17 (+21.2% Y/Y) and the consensus Revenue Estimate is $8.9B (+15.4% Y/Y) benefitted from strong demand for its networking solutions.
Also, continued strong adoption of its next-generation MegaRAID and storage adapters is expected to have driven Broadcomâs storage connectivity revenues in Q1.
Over the last 2 years, AVGO has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time.
Over the last 3 months, EPS estimates have seen 6 upward revisions and 10 downward. Revenue estimates have seen 11 upward revisions and 5 downward.
The company reports a forward yield of 3.1% and stands at a Dividend Yield grade of A and growth grade of A+.



It is known that Broadcom is likely to receive a European Union antitrust warning concerning its planned $61B takeover of VMware in the upcoming weeks.
In the past 6-months, the stock gained 21.2% and the stock is currently inching towards its 52-week high levels.
Of the 25 Wall Street Analysts covering the stock, 16 assigned it a Strong Buy while 5 rate it a Hold; Average SA Authors rating stands at Buy while average Quant rating is seen at Hold.
SA Contributor Michael Fitzsimmons recently wrote, "What To Expect From Broadcom's Upcoming  and SA Contributor Heavy Moat Investments wrote, "Broadcom: This Dividend Growth Darling Is Likely To Keep Up The Pace"