Marvell Technology has drawn heavy investor attention after its shares returned +28% over the past month, far outpacing the Zacks S&P 500 composite's -0.4% change, while the Zacks Electronics - Semiconductors industry gained 7.4% over the same period. For the current quarter, Marvell is expected to post earnings of $1.10 per share, a change of +44.7% from the year-ago quarter, with the Zacks Consensus Estimate up +0.1% over the last 30 days. The consensus earnings estimate of $4.21 for the current fiscal year indicates a year-over-year change of +48.2%, and the $6.74 estimate for the next fiscal year indicates a change of +60%. The consensus sales estimate of $3.16 billion for the current quarter points to a year-over-year change of +52.1%, while the $12 billion and $18.03 billion estimates for the current and next fiscal years indicate changes of +46.4% and +50.3%, respectively. Marvell reported revenues of $2.74 billion in the last reported quarter, up +36.5% year over year, with EPS of $0.94 versus $0.67 a year ago, and carries a Zacks Rank #3 (Hold) and a Zacks Value Style Score of F.
Marvell Technology Group LtdMarvell's consensus earnings and sales estimates climbed sharply, with shares up 28% over the past month on the improved outlook.
