Qorvo Inc expected to post earnings of $1.85 a share - Earnings Preview
27/10/2024 14:46
* Qorvo Inc QRVO.OQ QRVO.O is expected to show a fall in
quarterly revenue when it reports results on October 29 for the
period ending September 30 2024
* The Greensboro North Carolina-based company is expected
to
report a 6.9% decrease in revenue to $1.028 billion from $1.1
billion a year ago, according to the mean estimate from 20
analysts, based on LSEG data.The company's guidance on September
10 2024, for the period ended September 30, was for revenue of
$1.029 billion.
* LSEG's mean analyst estimate for Qorvo Inc is for
earnings of
$1.85 per share. The company's EPS guidance on July 30 2024, for
the period ended September 30, was between $1.75 and $1.95
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 17
"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
$120.00, above its last closing price of $99.01.
The company's guidance on September 10 2024 for the period ended
September 30 was for gross profit margin of USD46.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
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. 30 2023 1.78 1.77 2.39 Beat 34.7
Jun. 0.15 0.15 0.34 Beat 126.2
30 2023
Mar. 31 2023 0.14 0.13 0.26 Beat 97.6
Dec. 31 2022 0.65 0.64 0.75 Beat 18.1
Sep. 30 2022 2.53 2.54 2.66 Beat 4.9
This summary was machine generated October 27 at 14:46 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)