Marvell Technology Inc MRVL.OQ MRVL.O is expected to show a rise in quarterly revenue when it reports results on March 6 for the period ending January 31 2025
The Wilmington Delaware-based company is expected to report a 25.8% increase in revenue to $1.795 billion from $1.43 billion a year ago, according to the mean estimate from 28 analysts, based on LSEG data.The company's guidance on December 3 2024, for the period ended January 31, was for revenue between $1.71 billion and $1.89 billion.
LSEG's mean analyst estimate for Marvell Technology Inc is for earnings of 59 cents per share. The company's EPS guidance on December 3 2024, for the period ended January 31, was between $0.54 and $0.64
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 37 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Marvell Technology Inc is $130.00, above its last closing price of $85.83.
The company's guidance on December 3 2024 for the period ended January 31 was for gross profit margin of USD60%.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Oct. 31 2024 | 0.41 | 0.41 | 0.43 | Beat | 5.6 |
Jul. 31 2024 | 0.29 | 0.30 | 0.30 | Met | 0.9 |
Apr. 30 2024 | 0.27 | 0.25 | 0.24 | Missed | -3.3 |
Jan. 31 2024 | 0.46 | 0.46 | 0.46 | Met | -0.3 |
Oct. 31 2023 | 0.40 | 0.40 | 0.41 | Beat | 2.3 |
Jul. 31 2023 | 0.32 | 0.32 | 0.33 | Beat | 2.3 |
Apr. 30 2023 | 0.29 | 0.29 | 0.31 | Beat | 5.8 |
Jan. 31 2023 | 0.47 | 0.47 | 0.46 | Missed | -1.7 |
This summary was machine generated March 4 at 00:02 GMT. 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)
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