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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 $19.61, moving -0.96% from the previous trading session. This change lagged the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the chipmaker had gained 18.7% over the past month. This has outpaced the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% 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 7, 2019. The company is expected to report EPS of $0.26, down 18.75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $739.88 million, up 20.22% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for MRVL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 #3 (Hold).
In terms of valuation, MRVL is currently trading at a Forward P/E ratio of 15.71. This valuation marks a discount compared to its industry's average Forward P/E of 18.79.
It is also worth noting that MRVL currently has a PEG ratio of 1.88. 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 3.02 as of yesterday's close.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 18% 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.
You can find more information on all of these metrics, and much more, on 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 $19.61, moving -0.96% from the previous trading session. This change lagged the S&P 500's daily loss of 0.35%. At the same time, the Dow lost 0.4%, and the tech-heavy Nasdaq lost 0.39%.
Prior to today's trading, shares of the chipmaker had gained 18.7% over the past month. This has outpaced the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% 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 7, 2019. The company is expected to report EPS of $0.26, down 18.75% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $739.88 million, up 20.22% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for MRVL. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering 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 #3 (Hold).
In terms of valuation, MRVL is currently trading at a Forward P/E ratio of 15.71. This valuation marks a discount compared to its industry's average Forward P/E of 18.79.
It is also worth noting that MRVL currently has a PEG ratio of 1.88. 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 3.02 as of yesterday's close.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 210, putting it in the bottom 18% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.