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

Credo Technology Holding

24/08/2023 22:01

* Credo Technology Group Holding Ltd  CRDO.OQ  reported a
quarterly adjusted loss of 3 cents​​ per share for the quarter
ended in July. The mean expectation of eight analysts for the
quarter was for a loss of 3 cents per share.
    * Revenue fell 24.5% to $35.10 million from a year ago;
analysts
expected $34.00 million. 
    * Credo Technology Group Holding Ltd's reported EPS for the
quarter was a loss of 8 cents​.
    * The mean earnings estimate of analysts had risen by
about 21.5%
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 fallen
by 7.3%
this quarter and gained 20.7% so far this year.
    * The company reported a quarterly loss of $11.7 million.
    * Wall Street's median 12-month price target for Credo
Technology
Group Holding Ltd is $17.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 1
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 24 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jul. 31 2023      -0.03          -0.03          Met
 Apr. 30 2023      -0.04          -0.04          Met
 Jan. 31 2023      0.04           0.05           Beat
 Oct. 31 2022      0.03           0.02           Missed