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

Credo Technology Holding

02/03/2023 01:02

* Credo Technology Group Holding Ltd  CRDO.OQ  reported
quarterly
adjusted earnings of 5 cents​​ per share for the quarter ended
in January. The mean expectation of eight analysts for the
quarter was for earnings of 4 cents per share.
    * Revenue rose 70.7% to $54.27 million from a year ago;
analysts
expected $54.26 million. 
    * Credo Technology Group Holding Ltd's reported EPS for the
quarter was 2 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Credo Technology Group Holding Ltd shares had fallen
by 20.3%
this quarter.
    * The company reported quarterly net income of $2.82
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 Refinitiv data March 2
at 01:02 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jan. 31 2023      0.04           0.05           Beat
 Oct. 31 2022      0.03           0.02           Missed
 Jul. 31 2022      0.03           0.03           Met
 Apr. 30 2022      0.00           0.02           Beat