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Marvell Technology (MRVL) Dips More Than Broader Markets: What You Should Know
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Marvell Technology (MRVL - Free Report) closed the most recent trading day at $18.36, moving -1.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Prior to today's trading, shares of the chipmaker had gained 18.28% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Wall Street will be looking for positivity from MRVL as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $0.32, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $810.63 million, up 31.72% from the prior-year quarter.
MRVL's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $2.93 billion. These results would represent year-over-year changes of +5.04% and +21.35%, respectively.
Investors might also notice recent changes to analyst estimates for MRVL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MRVL is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, MRVL is holding a Forward P/E ratio of 14.89. Its industry sports an average Forward P/E of 19.04, so we one might conclude that MRVL is trading at a discount comparatively.
Also, we should mention that MRVL has a PEG ratio of 1.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MRVL's industry had an average PEG ratio of 2.74 as of yesterday's close.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow MRVL in the coming trading sessions, be sure to utilize Zacks.com.
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Marvell Technology (MRVL) Dips More Than Broader Markets: What You Should Know
Marvell Technology (MRVL - Free Report) closed the most recent trading day at $18.36, moving -1.13% from the previous trading session. This change lagged the S&P 500's daily loss of 0.79%. At the same time, the Dow lost 0.85%, and the tech-heavy Nasdaq lost 1.11%.
Prior to today's trading, shares of the chipmaker had gained 18.28% over the past month. This has outpaced the Computer and Technology sector's gain of 12.9% and the S&P 500's gain of 13.44% in that time.
Wall Street will be looking for positivity from MRVL as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $0.32, unchanged from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $810.63 million, up 31.72% from the prior-year quarter.
MRVL's full-year Zacks Consensus Estimates are calling for earnings of $1.25 per share and revenue of $2.93 billion. These results would represent year-over-year changes of +5.04% and +21.35%, respectively.
Investors might also notice recent changes to analyst estimates for MRVL. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MRVL is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, MRVL is holding a Forward P/E ratio of 14.89. Its industry sports an average Forward P/E of 19.04, so we one might conclude that MRVL is trading at a discount comparatively.
Also, we should mention that MRVL has a PEG ratio of 1.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MRVL's industry had an average PEG ratio of 2.74 as of yesterday's close.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
To follow MRVL in the coming trading sessions, be sure to utilize Zacks.com.