Credo Technology Group Holding Ltd expected to post earnings of 5 cents a share - Earnings Preview
29/11/2024 21:06
* Credo Technology Group Holding Ltd CRDO.OQ CRDO.O is
expected to show a rise in quarterly revenue when it reports
results on December 2 for the period ending October 31 2024
* The George Town Cayman Islands-based company is expected
to
report a 51.7% increase in revenue to $66.789 million from
$44.04 million a year ago, according to the mean estimate from 9
analysts, based on LSEG data.The company's guidance on September
4 2024, for the period ended October 31, was for revenue between
$65.00 million and $68.00 million.
* LSEG's mean analyst estimate for Credo Technology Group
Holding
Ltd is for earnings of 5 cents per share.
* The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," no
"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 $43.00, below its last closing price
of $45.71.
The company's guidance on September 4 2024 for the period ended
October 31 was for gross profit margin between USD62% and
USD64%.
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 2024 0.04 0.04 0.04 Met -2.2
Apr. 30 2024 0.05 0.05 0.07 Beat 34.9
Jan. 31 2024 0.03 0.03 0.04 Beat 30
Oct. 31 2023 0.00 0.00 0.01 Beat 509.8
Jul. -0.03 -0.03 -0.03 Met 3.2
31 2023
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
This summary was machine generated November 29 at 21:06 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)