Credo Technology Group Holding Ltd expected to post breakeven results a share - Earnings Preview

Credo Technology Holding

27/11/2023 21:26

* Credo Technology Group Holding Ltd  CRDO.OQ   CRDO.O  is
expected to show a fall in quarterly revenue when it reports 
results  for the period ending July 31 2023
    * The George Town Cayman Islands-based   company is expected
to
report a 16.9% decrease in revenue to $42.701 million from
$51.37 million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on August 24
2023, for the period ended October 31, was for revenue between
$42.00 million and $44.00 million.
    * ​LSEG's mean analyst estimate for Credo Technology Group
Holding
Ltd is for breakeven results per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "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 $19.35​, above​ its last closing price
of $18.84. ​​​

The company's guidance on August 24 2023 for the period ended
October 31 was for gross profit margin between USD58% and
USD60%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jul. 31 2023  -0.03       -0.03      -0.03     Met     3.2
 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.        0.03        0.03       0.03      Met     4.8
 31 2022                                                
 Apr. 30 2022  -0.01       0.00       0.02      Beat    1,669.
                                                        9​
 Jan. 31 2022  -0.01       -0.01      0.03      Beat    333.3
 This summary was machine generated November 27 at 21:26 GMT. 
All figures in US dollars unless otherwise stated