Credo Technology Group Holding Ltd expected to post earnings of 4 cents a share - Earnings Preview
28/02/2023 02:32
* Credo Technology Group Holding Ltd CRDO.OQ CRDO.O is
expected to show a rise in quarterly revenue when it reports
results on March 2.
* The George Town Cayman Islands-based company is expected
to
report a 70.6% increase in revenue to $54.261 million from
$31.8 million a year ago, according to the mean estimate from 8
analysts, based on Refinitiv data. The company's guidance on
November 30 2022, for the period ended January 31, was for
revenue between $54.00 million and $56.00 million.
* Refinitiv's mean analyst estimate for Credo Technology
Group
Holding Ltd is for earnings of 4 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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 $14, above its last closing price
of $10.34.
The company's guidance on November 30 2022 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 REFINITIV ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT IBES MET, SE %
E® ESTIMATE MISSED
Oct. 31 2022 0.03 0.03 0.02 Missed -37
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 28 at 02:32 GMT.
All figures in US dollars unless otherwise stated