Yahoo Finance Unveiling Marvell (MRVL) Q1 Outlook: Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Marvell Technology (MRVL) will announce quarterly earnings of $0.23 per share in its forthcoming report, representing a decline of 25.8% year over year. Revenues are projected to reach $1.15 billion, declining 12.9% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Marvell metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Revenue by end market- Data center' should arrive at $782.05 million. The estimate indicates a year-over-year change of +79.5%.
Analysts expect 'Net Revenue by end market- Carrier infrastructure' to come in at $84.82 million. The estimate points to a change of -70.7% from the year-ago quarter.
According to the collective judgment of analysts, 'Net Revenue by end market- Automotive/industrial' should come in at $80.84 million. The estimate points to a change of -9.5% from the year-ago quarter.
It is projected by analysts that the 'Net Revenue by end market- Consumer' will reach $43.11 million. The estimate points to a change of -69.7% from the year-ago quarter.
Analysts' assessment points toward 'Net Revenue by end market- Enterprise networking' reaching $159.32 million. The estimate suggests a change of -56.3% year over year.
View all Key Company Metrics for Marvell here>>>
Marvell shares have witnessed a change of +11.2% in the past month, in contrast to the Zacks S&P 500 composite's +4% move. With a Zacks Rank #2 (Buy), MRVL is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report
