Credo Technology Group Holding Ltd reports results for the quarter ended in January - Earnings Summary
28/02/2024 24:21
* Credo Technology Group Holding Ltd CRDO.OQ reported
quarterly
adjusted earnings of 4 cents per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 5 cents. The mean expectation of
nine analysts for the quarter was for earnings of 3 cents per
share. Wall Street expected results to range from 2 cents to 4
cents per share.
* Revenue fell 2.2% to $53.06 million from a year ago;
analysts
expected $52.04 million.
* Credo Technology Group Holding Ltd's reported EPS for the
quarter was breakeven results.
* The company reported quarterly net income of $428
thousand.
* Credo Technology Group Holding Ltd shares had risen
by 14.6%
this quarter.
FORECAST CHANGES
* The mean earnings estimate of analysts had risen by
about 27.7%
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 11 "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 $23.50
This summary was machine generated from LSEG data February 28 at
12:20 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
Jan. 31 2024 0.03 0.04 Beat
Oct. 31 2023 0.00 0.01 Beat
Jul. 31 2023 -0.03 -0.03 Met
Apr. 30 2023 -0.04 -0.04 Met