Credo Technology Group Holding Ltd expected to post earnings of 3 cents a share - Earnings Preview

Credo Technology Holding

24/02/2024 03:10

* Credo Technology Group Holding Ltd  CRDO.OQ   CRDO.O  is
expected to show a fall in quarterly revenue when it reports 
results on February 27 for the period ending January 31 2024
    * The George Town Cayman Islands-based   company is expected
to
report a 4.1% decrease in revenue to $52.036 million from $54.27
million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on November
29 2023, for the period ended January 31, was for revenue
between $51.00 million and $53.00 million.
    * ​LSEG's mean analyst estimate for Credo Technology Group
Holding
Ltd is for earnings of 3 cents 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 $23.50​, above​ its last closing price
of $22.60. ​​​

The company's guidance on November 29 2023 for the period ended
January 31 was for gross profit margin between USD59% and
USD61%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Oct. 31 2023  0.00        0.00       0.01      Beat    509.8
 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.        0.03        0.03       0.02      Missed  -37
 31 2022                                                
 Jul. 31 2022  0.03        0.03       0.03      Met     4.8​
 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 February 24 at 03:09 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)