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Broadcom Corp. (NASDAQ:BRCM) is expected to report fiscal first quarter earnings on Tuesday, April 23rd. The whisper number is $0.58, two cents ahead of the analysts' estimate. BRCM has an 81% positive surprise history (having topped the whisper in 29 of the 36 earnings reports for which we have data).

Earnings history:

- Beat whisper: 29 qtrs
- Met whisper: 1 qtrs
- Missed whisper: 6 qtrs

Our primary focus is on post earnings price movement. Knowing how likely a stock's price will move following an earnings report can help you determine the best action to take (long or short). In other words, we look at what happens when the company beats or misses the whisper number expectation.

The table below indicates the average post earnings price movement within a one and thirty trading day timeframe:

(click to enlarge)

The strongest price movement of -2.1% comes within twenty trading days when the company reports earnings that beat the whisper number, and -2.4% within one trading day when the company reports earnings that miss the whisper number. The overall average price movement is negative (beat the whisper and see weakness, miss and see weakness) through thirty trading days when the company reports earnings.

The table below indicates the most recent earnings reports and short-term price reaction:

(click to enlarge)

In the comparable quarter last year the company reported earnings nine cents ahead of the whisper number. Following that report the stock realized a 6.6% loss in five trading days. Last quarter the company did not have a whisper number. Overall historical data indicates the company to be (on average) a negative price reactor through thirty trading days when the company reports earnings.

Enter your expectation and view more earnings information here, or let us know your expectation in the comments section below.

Since 1998, WhisperNumber.com has been tracking and publishing "crowd sourced estimates" for earnings. We call these earnings expectations whisper numbers. Our whisper numbers are gained from individual investors and traders just like you who have registered with our site. While the whisper number itself is an important part of our analysis, a company's "price reaction" to beating or missing the whisper number expectation is the key. On average, companies that exceed the whisper are "rewarded," while companies that miss are "punished" following an earnings report.

Source: Whisper Number Impact: Earnings Preview For Broadcom