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Marvell Technology (MRVL) Stock Slides as Market Rises: Facts to Know Before You Trade
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Marvell Technology (MRVL - Free Report) closed at $158.21 in the latest trading session, marking a -3.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.2%.
The stock of chipmaker has risen by 73.18% in the past month, leading the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
The investment community will be paying close attention to the earnings performance of Marvell Technology in its upcoming release. The company is forecasted to report an EPS of $0.8, showcasing a 29.03% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.4 billion, indicating a 26.82% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.81 per share and a revenue of $10.84 billion, signifying shifts of +34.15% and +32.25%, respectively, from the last year.
Any recent changes to analyst estimates for Marvell Technology should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate has moved 0.23% higher within the past month. Marvell Technology currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Marvell Technology has a Forward P/E ratio of 43.11 right now. This valuation marks a discount compared to its industry average Forward P/E of 48.25.
It's also important to note that MRVL currently trades at a PEG ratio of 1.19. 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. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Marvell Technology (MRVL) Stock Slides as Market Rises: Facts to Know Before You Trade
Marvell Technology (MRVL - Free Report) closed at $158.21 in the latest trading session, marking a -3.71% move from the prior day. This change lagged the S&P 500's daily gain of 0.12%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq gained 0.2%.
The stock of chipmaker has risen by 73.18% in the past month, leading the Computer and Technology sector's gain of 16.05% and the S&P 500's gain of 9.3%.
The investment community will be paying close attention to the earnings performance of Marvell Technology in its upcoming release. The company is forecasted to report an EPS of $0.8, showcasing a 29.03% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $2.4 billion, indicating a 26.82% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.81 per share and a revenue of $10.84 billion, signifying shifts of +34.15% and +32.25%, respectively, from the last year.
Any recent changes to analyst estimates for Marvell Technology should also be noted by investors. 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.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. The Zacks Consensus EPS estimate has moved 0.23% higher within the past month. Marvell Technology currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Marvell Technology has a Forward P/E ratio of 43.11 right now. This valuation marks a discount compared to its industry average Forward P/E of 48.25.
It's also important to note that MRVL currently trades at a PEG ratio of 1.19. 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. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 92, placing it within the top 38% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.