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Marvell Technology (MRVL) Surpasses Market Returns: Some Facts Worth Knowing
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In the latest close session, Marvell Technology (MRVL - Free Report) was up +2.17% at $131.28. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.63%, while the tech-heavy Nasdaq appreciated by 1.23%.
Coming into today, shares of the chipmaker had gained 46.24% in the past month. In that same time, the Computer and Technology sector gained 1.17%, while the S&P 500 gained 0.63%.
Market participants will be closely following the financial results of Marvell Technology in its upcoming release. In that report, analysts expect Marvell Technology to post earnings of $0.8 per share. This would mark year-over-year growth of 29.03%. Simultaneously, our latest consensus estimate expects the revenue to be $2.4 billion, showing a 26.82% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.81 per share and revenue of $10.83 billion. These totals would mark changes of +34.15% and +32.18%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Marvell Technology. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Marvell Technology is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Marvell Technology is currently being traded at a Forward P/E ratio of 33.77. This denotes a discount relative to the industry average Forward P/E of 39.5.
Also, we should mention that MRVL has a PEG ratio of 0.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 2.26.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Surpasses Market Returns: Some Facts Worth Knowing
In the latest close session, Marvell Technology (MRVL - Free Report) was up +2.17% at $131.28. The stock outperformed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.63%, while the tech-heavy Nasdaq appreciated by 1.23%.
Coming into today, shares of the chipmaker had gained 46.24% in the past month. In that same time, the Computer and Technology sector gained 1.17%, while the S&P 500 gained 0.63%.
Market participants will be closely following the financial results of Marvell Technology in its upcoming release. In that report, analysts expect Marvell Technology to post earnings of $0.8 per share. This would mark year-over-year growth of 29.03%. Simultaneously, our latest consensus estimate expects the revenue to be $2.4 billion, showing a 26.82% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.81 per share and revenue of $10.83 billion. These totals would mark changes of +34.15% and +32.18%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Marvell Technology. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.38% higher within the past month. Marvell Technology is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Marvell Technology is currently being traded at a Forward P/E ratio of 33.77. This denotes a discount relative to the industry average Forward P/E of 39.5.
Also, we should mention that MRVL has a PEG ratio of 0.93. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Electronics - Semiconductors industry was having an average PEG ratio of 2.26.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.