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Marvell Technology (MRVL) Gains But Lags Market: What You Should Know
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Marvell Technology (MRVL - Free Report) closed at $50.38 in the latest trading session, marking a +0.04% move from the prior day. This move lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the chipmaker had gained 15.94% over the past month. This has outpaced the Computer and Technology sector's gain of 5.45% and the S&P 500's gain of 6.32% in that time.
Investors will be hoping for strength from MRVL as it approaches its next earnings release. On that day, MRVL is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $800.39 million, up 15.39% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $3.51 billion. These totals would mark changes of +48.91% and +18.35%, respectively, from last year.
Any recent changes to analyst estimates for MRVL should also be noted by investors. Recent revisions tend to reflect the latest near-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MRVL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MRVL has a Forward P/E ratio of 37.1 right now. For comparison, its industry has an average Forward P/E of 37.1, which means MRVL is trading at a no noticeable deviation to the group.
Investors should also note that MRVL has a PEG ratio of 1.9 right now. 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. Semiconductor - Communications stocks are, on average, holding a PEG ratio of 3.06 based on yesterday's closing prices.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Marvell Technology (MRVL) Gains But Lags Market: What You Should Know
Marvell Technology (MRVL - Free Report) closed at $50.38 in the latest trading session, marking a +0.04% move from the prior day. This move lagged the S&P 500's daily gain of 0.42%.
Prior to today's trading, shares of the chipmaker had gained 15.94% over the past month. This has outpaced the Computer and Technology sector's gain of 5.45% and the S&P 500's gain of 6.32% in that time.
Investors will be hoping for strength from MRVL as it approaches its next earnings release. On that day, MRVL is projected to report earnings of $0.27 per share, which would represent year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $800.39 million, up 15.39% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $3.51 billion. These totals would mark changes of +48.91% and +18.35%, respectively, from last year.
Any recent changes to analyst estimates for MRVL should also be noted by investors. Recent revisions tend to reflect the latest near-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. MRVL is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that MRVL has a Forward P/E ratio of 37.1 right now. For comparison, its industry has an average Forward P/E of 37.1, which means MRVL is trading at a no noticeable deviation to the group.
Investors should also note that MRVL has a PEG ratio of 1.9 right now. 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. Semiconductor - Communications stocks are, on average, holding a PEG ratio of 3.06 based on yesterday's closing prices.
The Semiconductor - Communications industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.