Qorvo Inc reports results for the quarter ended March 31 - Earnings Summary
29/04/2025 22:01
Qorvo Inc QRVO.OQ reported quarterly adjusted earnings of $1.42 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.39. The mean expectation of twenty one analysts for the quarter was for earnings of $1.00 per share. Wall Street expected results to range from 97 cents to $1.04 per share. Revenue fell 7.6% to $869.47 million from a year ago; analysts expected $850.39 million. Qorvo Inc's reported EPS for the quarter was 33 cents. The company reported quarterly net income of $31.37 million. Qorvo Inc shares had fallen by 11.9% this quarter and lost 8.8% so far this year. FORECAST CHANGES The mean earnings estimate of analysts had risen by about 10.6% in the last three months. In the last 30 days, there have been no negative revisions of earnings estimates RECOMMENDATIONS The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy," 18 "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 $85.00 This summary was machine generated from LSEG data April 29 at 09:00 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 |
| Mar. 31 2025 | 1.00 | 1.42 | Beat |
| Dec. 31 2024 | 1.20 | 1.61 | Beat |
| Sep. 30 2024 | 1.85 | 1.88 | Beat |
| Jun. 30 2024 | 0.71 | 0.87 | Beat |