Broadcom Inc. (AVGO) closed the most recent trading day at $536.37, moving +0.17% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.28%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.14%.Heading into today, shares of the chipmaker had gained 12.06% over the past month, outpacing the Computer and Technology sector's gain of 8.21% and the S&P 500's gain of 8.35% in that time.Broadcom Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $9.62, up 38.22% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $8.41 billion, up 24.01% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $37.06 per share and revenue of $32.98 billion, which would represent changes of +32.31% and +20.14%, respectively, from the prior year.Investors should also note any recent changes to analyst estimates for Broadcom Inc.These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. Broadcom Inc. is holding a Zacks Rank of #4 (Sell) right now.Digging into valuation, Broadcom Inc. currently has a Forward P/E ratio of 14.45. For comparison, its industry has an average Forward P/E of 15.64, which means Broadcom Inc. is trading at a discount to the group.It is also worth noting that AVGO currently has a PEG ratio of 0.99. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.09 based on yesterday's closing prices.The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 175, putting it in the bottom 31% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com. Just Released: Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through 2021, the Zacks Top 10 Stocks portfolios gained an impressive +1,001.2% versus the S&P 500’s +348.7%. Now our Director of Research has combed through 4,000 companies covered by the Zacks Rank and has handpicked the best 10 tickers to buy and hold. Don’t miss your chance to get in…because the sooner you do, the more upside you stand to grab.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Broadcom Inc. (AVGO): Free Stock Analysis Report To read this article on Zacks.com click here.