Marvell Technology Drops 2.1% While Anticipating 31.7% Q1 EPS Growth
Marvell Technology shares slid 2.13% in the latest session, underperforming the S&P 500's 1.04% decline and down 0.93% over the past month versus a 0.34% sector gain. The chipmaker forecasts Q1 EPS of $0.79 (+31.7% y/y) on $2.21 billion revenue (+21.4%) and a 22.9 forward P/E versus a 39.3 industry average.
1. Recent Stock Performance
Marvell Technology shares slid 2.13% at the latest close, trailing the S&P 500's 1.04% drop while the Dow fell 1.66% and the Nasdaq 1.13%. Over the past month, the stock declined 0.93% versus a 0.34% gain in the Computer and Technology sector.
2. Q1 Projections and Full-Year Outlook
The company will report Q1 results on March 5, with EPS expected at $0.79, up 31.7% year-over-year, on revenue of $2.21 billion, a 21.4% increase. Full-year consensus projects EPS of $2.84 (+80.9%) and revenue of $8.18 billion (+41.8%).
3. Valuation Metrics and Analyst Ranking
Marvell trades at a forward P/E of 22.86 compared to a 39.32 industry average and carries a PEG ratio of 0.50 versus 2.08 for its peers. The company holds a Zacks Rank #4 (Sell) and its semiconductor industry ranks in the top 29% of over 250 industries.