Marvell Q4 EPS $0.80 and Revenues $2.22B Exceed Projections
Marvell posted Q4 adjusted EPS of $0.80 vs $0.79 consensus and revenues of $2.22B, up from $0.60 and $1.82B a year earlier. While analysts expect $0.74 EPS on $2.27B next quarter, shares have declined 8.1% YTD following negative estimate revisions.
1. Q4 Earnings and Revenue Beats
Marvell reported adjusted Q4 EPS of $0.80 per share, surpassing the $0.79 consensus by 1.37%, compared with $0.60 a year earlier. Q4 revenues reached $2.22 billion, up 22% year-over-year from $1.82 billion and 0.86% above estimates.
2. Analyst Estimates and Outlook
Consensus EPS estimates for the next quarter stand at $0.74 on $2.27 billion in revenues, while full-year estimates are $3.39 on $10.01 billion. Negative estimate revisions before the report have led analysts to assign a sell rating, reflecting a cautious outlook for the coming periods.
3. Share Performance YTD
Marvell shares have declined 8.1% year-to-date, underperforming the S&P 500’s 0.4% gain as investor sentiment has been dampened by cautious guidance and downward estimate revisions.