We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Marvell (MRVL) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Read MoreHide Full Article
Wall Street analysts expect Marvell Technology (MRVL - Free Report) to post quarterly earnings of $0.61 per share in its upcoming report, which indicates a year-over-year increase of 154.2%. Revenues are expected to be $1.88 billion, up 61.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Marvell metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Revenue by end market- Data center' will reach $1.43 billion. The estimate indicates a year-over-year change of +74.8%.
Analysts predict that the 'Net Revenue by end market- Carrier infrastructure' will reach $116.43 million. The estimate indicates a year-over-year change of +62.2%.
The average prediction of analysts places 'Net Revenue by end market- Automotive/industrial' at $79.83 million. The estimate suggests a change of +2.9% year over year.
Based on the collective assessment of analysts, 'Net Revenue by end market- Consumer' should arrive at $65.70 million. The estimate suggests a change of +56.4% year over year.
Analysts' assessment points toward 'Net Revenue by end market- Enterprise networking' reaching $187.55 million. The estimate points to a change of +22.5% from the year-ago quarter.
Marvell shares have witnessed a change of +7.9% in the past month, in contrast to the Zacks S&P 500 composite's +10.7% move. With a Zacks Rank #3 (Hold), MRVL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Marvell (MRVL) Q1 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Marvell Technology (MRVL - Free Report) to post quarterly earnings of $0.61 per share in its upcoming report, which indicates a year-over-year increase of 154.2%. Revenues are expected to be $1.88 billion, up 61.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Marvell metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Revenue by end market- Data center' will reach $1.43 billion. The estimate indicates a year-over-year change of +74.8%.
Analysts predict that the 'Net Revenue by end market- Carrier infrastructure' will reach $116.43 million. The estimate indicates a year-over-year change of +62.2%.
The average prediction of analysts places 'Net Revenue by end market- Automotive/industrial' at $79.83 million. The estimate suggests a change of +2.9% year over year.
Based on the collective assessment of analysts, 'Net Revenue by end market- Consumer' should arrive at $65.70 million. The estimate suggests a change of +56.4% year over year.
Analysts' assessment points toward 'Net Revenue by end market- Enterprise networking' reaching $187.55 million. The estimate points to a change of +22.5% from the year-ago quarter.
View all Key Company Metrics for Marvell here>>>
Marvell shares have witnessed a change of +7.9% in the past month, in contrast to the Zacks S&P 500 composite's +10.7% move. With a Zacks Rank #3 (Hold), MRVL is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>