Qorvo's Earnings Preview

Qorvo QRVO announces its next round of earnings Wednesday. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement.

Earnings and Revenue

Qorvo EPS will likely be near $1.05 while revenue will be around $655.85 million, according to analysts.

Qorvo reported per-share earnings of 85 cents when it published results during the same quarter last year. Sales in that period totaled $642 million. If the company were to match the consensus estimate when it reports Wednesday, EPS would be up 23.53 percent. Sales would be have grown 2.16 percent from the same quarter last year. Qorvo's reported EPS has stacked up against analyst estimates in the past like this:

Stock Performance

Over the last 52-week period, shares are up 4.65 percent. Given that these returns are generally positive, long-term shareholders are probably content going into this earnings release. Analyst estimates are adjusted higher for EPS and revenues over the past 90 days. Analysts seem to have settled on a Sell rating with Qorvo. The strength of this rating has maintained conviction over the past three months.

Conference Call

Qorvo is scheduled to hold a conference call at 5:00 p.m. ET and it can be accessed here: https://edge.media-server.com/m6/p/mzm6m6bi