What to Expect from Marvell Technology Group

Seth Jayson, The Motley Fool
Updated

Marvell Technology Group (NAS: MRVL) is expected to report Q4 earnings on Feb. 21. 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 decrease -2.8% and EPS will contract -38.1%.

The average estimate for revenue is $722.2 million. On the bottom line, the average EPS estimate is $0.13.


Revenue details
 Last quarter, Marvell Technology Group reported revenue of $780.9 million. GAAP reported sales were 18% lower than the prior-year quarter's $950.4 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 $0.20. GAAP EPS of $0.12 for Q3 were 63% lower than the prior-year quarter's $0.32 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 52.0%, 460 basis points worse than the prior-year quarter. Operating margin was 8.6%, 1,150 basis points worse than the prior-year quarter. Net margin was 8.8%, 1,170 basis points worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $3.12 billion. The average EPS estimate is $0.80.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,396 members out of 1,474 rating the stock outperform, and 78 members rating it underperform. Among 330 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 316 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 $10.05.

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The article What to Expect from Marvell Technology Group 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 position in any of the stocks mentioned. 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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