Marvell Technology Group (NAS: 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.
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.
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.
Is Marvell Technology Group the best semiconductor stock for you? You may be missing something obvious. Check out the semiconductor company that Motley Fool analysts expect to lead "The Next Trillion-dollar Revolution." Click here for instant access to this free report.
Add Marvell Technology Group to My Watchlist.
The article Marvell Technology Group Earnings Are on Deck 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.