• Credo Technology Group Holding Ltd CRDO.OQ reported quarterly adjusted earnings of 25 cents​​ per share for the quarter ended January 31, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of ten analysts for the quarter was for earnings of 18 cents per share. Wall Street expected results to range from 18 cents to 19 cents per share.

• Revenue rose 154.4% to $135.00 million from a year ago; analysts expected $120.06 million.

• Credo Technology Group Holding Ltd's reported EPS for the quarter was 16 cents​.

• The company reported quarterly net income of $29.36 million.

• Credo Technology Group Holding Ltd shares had fallen by 25.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Credo Technology Group Holding Ltd is $84.00

This summary was machine generated from LSEG data March 5 at 02:38 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)