Qorvo Inc expected to post earnings of $1.20 a share - Earnings Preview
24/01/2025 21:10
* Qorvo Inc QRVO.OQ QRVO.O is expected to show a fall in
quarterly revenue when it reports results on January 28 for the
period ending December 31 2024
* The Greensboro North Carolina-based company is expected
to
report a 16.0% decrease in revenue to $901.517 million from
$1.07 billion a year ago, according to the mean estimate from 21
analysts, based on LSEG data.The company's guidance on October
29 2024, for the period ended December 31, was for revenue
between $875.00 million and $925.00 million.
* LSEG's mean analyst estimate for Qorvo Inc is for
earnings of
$1.20 per share. The company's EPS guidance on October 29 2024,
for the period ended December 31, was between $1.10 and $1.30
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 21
"hold" and 3 "sell" or "strong sell."
* The mean earnings estimate of analysts was unchanged in
the last
three months.
* Wall Street's median 12-month price target for Qorvo Inc
is
$90.00, below its last closing price of $90.57.
The company's guidance on October 29 2024 for the period ended
December 31 was for gross profit margin of USD45%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Sep. 30 2024 1.86 1.85 1.88 Beat 1.5
Jun. 30 2024 0.72 0.71 0.87 Beat 22.4
Mar. 31 2024 1.23 1.21 1.39 Beat 14.4
Dec. 31 2023 1.67 1.66 2.10 Beat 26.6
Sep. 1.78 1.77 2.39 Beat 34.7
30 2023
Jun. 30 2023 0.15 0.15 0.34 Beat 126.2
Mar. 31 2023 0.14 0.13 0.26 Beat 97.6
Dec. 31 2022 0.65 0.64 0.75 Beat 18.1
This summary was machine generated January 24 at 21:10 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)