Market Overview

Earnings Outlook for Marvell Technology Group

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Marvell Technology Group (NASDAQ: MRVL) releases its next round of earnings this Thursday, August 27. Here's Benzinga's essential guide to Marvell Technology Group's Q2 earnings report.

Earnings and Revenue

Sell-side analysts expect Marvell Technology Group's EPS to be near $0.2 on sales of $727.45 million. In the same quarter last year, Marvell Technology Group reported earnings per share of $0.16 on sales of $656.57 million. If the company were to match the consensus estimate, earnings per share would be up 25.0%. Revenue would be have grown 7.18% from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

Quarter Q1 2020 Q4 2020 Q3 2019 Q2 2019
EPS Estimate 0.14 0.16 0.17 0.15
EPS Actual 0.18 0.17 0.17 0.16
Revenue Estimate 678.70 M 712.95 M 664.51 M 652.51 M
Revenue Actual 693.64 M 717.67 M 662.47 M 656.57 M

Stock Performance

Over the last 52-week period, shares are up 46.01%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release.

Don't be surprised to see the stock move on comments made during its conference call. Marvell Technology Group is scheduled to hold the call at 16:45:00 ET and can be accessed here: https://edge.media-server.com/mmc/p/iapnzzdn

 

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Posted-In: Earnings