Qorvo Inc expected to post earnings of 71 cents a share - Earnings Preview
26/07/2024 22:16
* Qorvo Inc QRVO.OQ QRVO.O is expected to show a rise in
quarterly revenue when it reports results on July 30 for the
period ending June 30 2024
* The Greensboro North Carolina-based company is expected
to
report a 30.8% increase in revenue to $851.882 million from
$651.16 million a year ago, according to the mean estimate from
20 analysts, based on LSEG data.The company's guidance on May 1
2024, for the period ended June 30, was for revenue between
$825.00 million and $875.00 million.
* LSEG's mean analyst estimate for Qorvo Inc is for
earnings of
71 cents per share. The company's EPS guidance on May 1 2024,
for the period ended June 30, was between $0.60 and $0.80
* The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 16
"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
$115.00, below its last closing price of $118.67.
The company's guidance on May 1 2024 for the period ended June
30 was for gross profit margin between USD40% and USD41%.
Previous quarterly performance (using preferred earnings measure
in US dollars).
QUARTER STARMINESM LSEG IBES ACTUAL BEAT, SURPRI
ENDING ARTESTIMAT ESTIMATE MET, SE %
E® MISSED
Jan. 1 0001 1.23 1.21 1.39 Beat 14.4
Jan. 1 0001 1.67 1.66 2.10 Beat 26.6
Sep. 30 2023 1.78 1.77 2.39 Beat 34.7
Jun. 30 2023 0.15 0.15 0.34 Beat 126.2
Mar. 0.14 0.13 0.26 Beat 97.6
31 2023
Jan. 1 0001 0.65 0.64 0.75 Beat 18.1
Sep. 30 2022 2.53 2.54 2.66 Beat 4.9
Jun. 30 2022 2.14 2.12 2.25 Beat 6.1
This summary was machine generated July 26 at 21:16 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)