Qorvo Inc reports results for the quarter ended December 31 - Earnings Summary

Qorvo

28/01/2025 22:02

* Qorvo Inc  QRVO.OQ  reported quarterly adjusted earnings
of
$1.61​​ per share for the quarter ended December 31, lower than
the same quarter last year, when the company reported EPS of
$2.10.  The mean expectation of twenty three analysts for the
quarter was for earnings of $1.20 per share. Wall Street
expected results to range from $1.09  to $1.30 per share.
    * Revenue fell 14.7% to $916.32 million from a year ago;
analysts
expected $901.52 million. 
    * Qorvo Inc's reported EPS for the quarter was 43 cents​.
    * The company reported quarterly net income of $41.27
million.
    * Qorvo Inc shares had risen by 25.3% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 30.4%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 20
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "hold"

Wall Street's median 12-month price target for Qorvo Inc is
$90.00 
This summary was machine generated from LSEG data January 28 at
10:01 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      1.20           1.61           Beat
 Sep. 30 2024      1.85           1.88           Beat
 Jun. 30 2024      0.71           0.87           Beat
 Mar. 31 2024      1.21           1.39           Beat