Marvell Technology Group in the Spotlight Soon

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Marvell Technology Group (NAS: MRVL) is expected to report Q2 earnings on Aug. 16. 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 wither -4.8% and EPS will wither -31.6%.

The average estimate for revenue is $854.4 million. On the bottom line, the average EPS estimate is $0.26.


Revenue details
Last quarter, Marvell Technology Group reported revenue of $796.4 million. GAAP reported sales were 0.8% lower than the prior-year quarter's $802.4 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at $0.23. GAAP EPS of $0.16 for Q1 were 27% lower than the prior-year quarter's $0.22 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 54.0%, 430 basis points worse than the prior-year quarter. Operating margin was 11.9%, 660 basis points worse than the prior-year quarter. Net margin was 11.9%, 640 basis points worse than the prior-year quarter.

Looking ahead
The full year's average estimate for revenue is $3.50 billion. The average EPS estimate is $1.14.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,379 members out of 1,452 rating the stock outperform, and 73 members rating it underperform. Among 294 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 281 give Marvell Technology Group a green thumbs-up, and 13 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Marvell Technology Group is outperform, with an average price target of $18.58.

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The article Marvell Technology Group in the Spotlight Soon originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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