Credo Technology Group Holding Ltd reports results for the quarter ended April 30 - Earnings Summary
03/06/2025 01:02
Credo Technology Group Holding Ltd CRDO.OQ reported quarterly adjusted earnings of 35 cents per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of 7 cents. The mean expectation of nine analysts for the quarter was for earnings of 28 cents per share. Wall Street expected results to range from 27 cents to 29 cents per share. Revenue rose 179.7% to $170.03 million from a year ago; analysts expected $160.16 million. Credo Technology Group Holding Ltd's reported EPS for the quarter was 20 cents. The company reported quarterly net income of $36.59 million. Credo Technology Group Holding Ltd shares had risen by 51.8% this quarter and lost 9.3% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 10.5% in the last three months. In the last 30 days, there have been no earnings estimate revisions by analysts covering the company. RECOMMENDATIONS The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy" Wall Street's median 12-month price target for Credo Technology Group Holding Ltd is $70.00 This summary was machine generated from LSEG data June 3 at 12:01 a.m. UTC. 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)
| QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
| Apr. 30 2025 | 0.28 | 0.35 | Beat |
| Jan. 31 2025 | 0.18 | 0.25 | Beat |
| Oct. 31 2024 | 0.05 | 0.07 | Beat |
| Jul. 31 2024 | 0.04 | 0.04 | Met |