Marvell Technology Group (Nasdaq: MRVL ) is expected to report Q3 earnings on Nov. 15. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Marvell Technology Group's revenues will contract -18.5% and EPS will decrease -50.0%.
The average estimate for revenue is $774.2 million. On the bottom line, the average EPS estimate is $0.20.
Last quarter, Marvell Technology Group booked revenue of $816.1 million. GAAP reported sales were 9.1% lower than the prior-year quarter's $897.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.24. GAAP EPS of $0.16 for Q2 were 48% lower than the prior-year quarter's $0.31 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 53.2%, 470 basis points worse than the prior-year quarter. Operating margin was 11.1%, 1,060 basis points worse than the prior-year quarter. Net margin was 11.4%, 1,000 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $3.14 billion. The average EPS estimate is $0.86.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,396 members out of 1,471 rating the stock outperform, and 75 members rating it underperform. Among 304 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 290 give Marvell Technology Group a green thumbs-up, and 14 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marvell Technology Group is hold, with an average price target of $16.69.
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