Credo Technology Group Holding Ltd expected to post a loss of 3 cents a share - Earnings Preview
22/08/2023 21:13
* Credo Technology Group Holding Ltd CRDO.OQ CRDO.O is
expected to show a fall in quarterly revenue when it reports
results on August 24.
* The George Town Cayman Islands-based company is expected
to
report a 26.8% decrease in revenue to $34.003 million from
$46.47 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on May
31 2023, for the period ended July 31, was for revenue between
$33.00 million and $35.00 million.
* Refinitiv's mean analyst estimate for Credo Technology
Group
Holding Ltd is for a loss of 3 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "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 Credo
Technology
Group Holding Ltd is $17.5, above its last closing price
of $14.85.
The company's guidance on May 31 2023 for the period ended July
31 was for gross profit margin between USD58% and USD60%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Apr. 30 2023 -0.04 -0.04 -0.04 Met -3.9
Jan. 31 2023 0.04 0.04 0.05 Beat 28.6
Oct. 31 2022 0.03 0.03 0.02 Missed -37
Jul. 31 2022 0.03 0.03 0.03 Met 4.8
Apr. -0.01 0.00 0.02 Beat 1,669.
30 2022 9
Jan. 31 2022 -0.01 -0.01 0.03 Beat 333.3
This summary was machine generated August 22 at 20:13 GMT. All
figures in US dollars unless otherwise stated