Credo Technology Group Holding Ltd reports results for the quarter ended in July 31 - Earnings Summary
04/09/2024 22:02
* Credo Technology Group Holding Ltd CRDO.OQ reported
quarterly
adjusted earnings of 4 cents per share for the quarter ended
July 31, higher than the same quarter last year, when the
company reported EPS of -3 cents. The mean expectation of
ten analysts for the quarter was for earnings of 4 cents per
share. Wall Street expected results to range from 4 cents to 5
cents per share.
* Revenue rose 70.1% to $59.71 million from a year ago;
analysts
expected $59.54 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 $9.54 million.
* Credo Technology Group Holding Ltd shares had fallen
by 1.0%
this quarter and gained 62.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by
about 0.2%
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," no
"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 $30.00
This summary was machine generated from LSEG data September 4 at
09:01 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
Jul. 31 2024 0.04 0.04 Met
Apr. 30 2024 0.05 0.07 Beat
Jan. 31 2024 0.03 0.04 Beat
Oct. 31 2023 0.00 0.01 Beat