Credo Technology Group Holding Ltd reports results for the quarter ended in April - Earnings Summary

Credo Technology Holding

31/05/2023 22:02

* Credo Technology Group Holding Ltd  CRDO.OQ  reported a
quarterly adjusted loss of 4 cents​​ per share for the quarter
ended in April. The mean expectation of eight analysts for the
quarter was for a loss of 4 cents per share.
    * Revenue fell 14.5% to $32.09 million from a year ago;
analysts
expected $31.19 million. 
    * Credo Technology Group Holding Ltd's reported EPS for the
quarter was a loss of 11 cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Credo Technology Group Holding Ltd shares had risen
by 45.2%
this quarter and gained 2.8% so far this year.
    * The company reported a quarterly loss of $15.94 million.
    * Wall Street's median 12-month price target for Credo
Technology
Group Holding Ltd is $14.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
31 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Apr. 30 2023      -0.04          -0.04          Met
 Jan. 31 2023      0.04           0.05           Beat
 Oct. 31 2022      0.03           0.02           Missed
 Jul. 31 2022      0.03           0.03           Met