Qorvo Inc expected to post earnings of $1.21 a share - Earnings Preview
30/04/2024 24:54
* Qorvo Inc QRVO.OQ QRVO.O is expected to show a rise in
quarterly revenue when it reports results on May 1 for the
period ending March 31 2024
* The Greensboro North Carolina-based company is expected
to
report a 46.4% increase in revenue to $926.248 million from
$632.7 million a year ago, according to the mean estimate from
21 analysts, based on LSEG data.The company's guidance on
January 31 2024, for the period ended March 31, was for revenue
between $900.00 million and $950.00 million.
* LSEG's mean analyst estimate for Qorvo Inc is for
earnings of
$1.21 per share. The company's EPS guidance on January 31 2024,
for the period ended March 31, was about USD1.2
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 15
"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
$116.00, below its last closing price of $118.83.
The company's guidance on January 31 2024 for the period ended
March 31 was for gross profit margin of USD42%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Dec. 31 2023 1.67 1.66 2.10 Beat 26.6
Sep. 30 2023 1.78 1.77 2.39 Beat 34.7
Jan. 1 0001 0.15 0.15 0.34 Beat 126.2
Mar. 31 2023 0.14 0.13 0.26 Beat 97.6
Jan. 0.65 0.64 0.75 Beat 18.1
1 0001
Sep. 30 2022 2.53 2.54 2.66 Beat 4.9
Jun. 30 2022 2.14 2.12 2.25 Beat 6.1
Jan. 1 0001 2.93 2.93 3.12 Beat 6.7
This summary was machine generated April 29 at 23:54 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)