Analysts predict that Marvell Technology Group Ltd. (NASDAQ:MRVL) will report $0.15 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Marvell Technology Group’s earnings. Marvell Technology Group reported earnings of $0.28 per share in the same quarter last year, which suggests a negative year over year growth rate of 46.4%. The firm is expected to issue its next quarterly earnings report on Thursday, September 5th.
Technical Stock Analysis
Marvell Technology Group Ltd. (NASDAQ:MRVL), a Technology sector firm, traded 11 Million shares in last trading session and stock tumbled -0.62% with closing price of $23.97 per share. Company gross margins represents its total sales revenue minus its cost of goods sold (COGS), divided by the total sales revenue earned by the company, expressed as a percentage. And its good to know that the higher that percentage, the more the company retains on each dollar of sales, to service its other costs and the debt obligations, and Marvell Technology Group Ltd. (NASDAQ:MRVL)’s gross margin stands at 49.40%.
Investment Worthy Stock or not?
For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the purpose of comparing a Marvell Technology Group Ltd. (NASDAQ:MRVL)’s profitability or to compare the efficiency of different investments, hence, MRVL return on investment (ROI) is -1.50%.
52-Week Range
52-Week Range are valuable stats for watching Marvell Technology Group Ltd. (NASDAQ:MRVL)’s past year fluctuation as that gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range. Marvell Technology Group Ltd. (NASDAQ:MRVL)’s stock value has moved between $14.35 – 25.77 in last one year.
Analyst’s Views
Analysts mean target price for Marvell Technology Group Ltd. (NASDAQ:MRVL) is $27.14 while analysts mean recommendation is 1.90.
Stock Performance
Its weekly performance is 0.59% while year to date (YTD) performance is 48.05%.
EPS Growth
Earnings per share growth is defined as the percentage change in normalised earnings per share over the previous 12 month period to the latest year end. It gives a good picture of the rate at which a company has grown its profitability. Marvell Technology Group Ltd. (NASDAQ:MRVL)’s EPS growth this year is -135.60%. For best decision making investors should look at Marvell Technology Group Ltd. (NASDAQ:MRVL)’s EPS growth for next year stands at 62.63%.
