Credo Technology Group Holding Ltd reports results for the quarter ended in April - Earnings Summary
29/05/2024 22:52
* Credo Technology Group Holding Ltd CRDO.OQ reported
quarterly
adjusted earnings of 7 cents per share for the quarter ended
in April, higher than the same quarter last year, when the
company reported EPS of -4 cents. The mean expectation of
nine analysts for the quarter was for earnings of 5 cents per
share. Wall Street expected results to range from 5 cents to 6
cents per share.
* Revenue rose 89.4% to $60.78 million from a year ago;
analysts
expected $60.72 million.
* Credo Technology Group Holding Ltd's reported EPS for the
quarter was a loss of 6 cents.
* The company reported a quarterly loss of $10.48 million.
* Credo Technology Group Holding Ltd shares had fallen
by 2.2%
this quarter and gained 6.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts was unchanged 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 10 "strong buy" or "buy," 1
"hold" and 1 "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 $26.00
This summary was machine generated from LSEG data May 29 at
09:52 p.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 2024 0.05 0.07 Beat
Jan. 31 2024 0.03 0.04 Beat
Oct. 31 2023 0.00 0.01 Beat
Jul. 31 2023 -0.03 -0.03 Met