Qorvo Inc expected to post earnings of $1.00 a share - Earnings Preview

Qorvo

25/04/2025 21:54

Qorvo Inc QRVO.OQ QRVO.O is expected to show a fall in quarterly revenue when it reports  results on April 29 for the period ending March 31 2025

The Greensboro North Carolina-based  company is expected to report a 9.6% decrease in revenue to $850.392 million from $940.99 million a year ago, according to the mean estimate from 19 analysts, based on LSEG data.The company's guidance on January 28 2025, for the period ended March 31, was for revenue between $825.00 million and $875.00 million.

‚ÄãLSEG's mean analyst estimate for Qorvo Inc is for earnings of $1.00 per share. The company's EPS guidance on January 28 2025, for the period ended March 31, was between $0.90 and $1.10

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 18 "hold" and 3 "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ‚Äã

Wall Street's median 12-month price target for Qorvo Inc is $90.00‚Äã, above‚Äã its last closing price of $63.51. ‚Äã‚Äã‚Äã

The company's guidance on January 28 2025 for the period ended March 31 was for gross profit margin between USD43% and USD44%.

Previous quarterly performance (using preferred earnings measure in US dollars). ‚Äã

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
1.21
1.20
1.61
Beat
33.7
Sep. 30 2024
1.86
1.85
1.88
Beat
1.5
Jun. 30 2024
0.72
0.71
0.87
Beat
22.4‚Äã
Mar. 31 2024
1.23
1.21
1.39
Beat
14.4
‚Äã‚ÄãDec. 31 2023
1.67
1.66
2.10
Beat
26.6
Sep. 30 2023
1.78
1.77
2.39
Beat
34.7‚Äã
Jun. 30 2023
0.15
0.15
0.34
Beat
126.2
Mar. 31 2023
0.14
0.13
0.26
Beat
97.6

This summary was machine generated April 25 at 20:54 GMT.  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)