FMP

FMP

Enter

Marvell Technology's Upcoming Earnings Report: A Detailed Analysis

- (Last modified: Nov 29, 2024 9:12 AM)

twitterlinkedinfacebook
blog post cover photo

Image credit: Google Images

  • Marvell Technology (NASDAQ:MRVL) is set to release its quarterly earnings with an estimated EPS of $0.41 and projected revenue of $1.46 billion.
  • Marvell's financial stability is underscored by its low debt-to-equity ratio of 0.29 and a current ratio of 1.79, despite a negative P/E ratio of -80.75.

Marvell Technology (NASDAQ:MRVL) is a prominent player in the semiconductor industry, known for its innovative solutions in data infrastructure technology. The company competes with other tech giants like Intel and Broadcom. On December 3, 2024, Marvell is set to release its quarterly earnings, with Wall Street estimating an earnings per share (EPS) of $0.41 and projected revenue of $1.46 billion.

The stability in the consensus EPS estimate over the past 30 days indicates that analysts have not significantly changed their forecasts. This stability is crucial as it often influences investor reactions. Historical data shows that changes in earnings estimates can impact short-term stock price movements, making these estimates a key factor for investors.

Marvell's financial ratios provide insight into its current market position. The company has a negative P/E TTM ratio of -80.75, indicating ongoing losses. However, its price-to-sales ratio of 14.78 suggests that investors are willing to pay a premium for its sales. The enterprise value to sales ratio of 15.46 further reflects the company's valuation relative to its sales.

Despite its negative earnings yield of -1.24%, Marvell maintains a low debt-to-equity ratio of 0.29, indicating a conservative approach to debt. The current ratio of 1.79 shows that Marvell has sufficient liquidity to cover its short-term liabilities, highlighting its financial stability amidst challenging earnings.

Other Blogs

May 14, 2024 11:41 AM - Sanzhi Kobzhan

The easiest way to calculate stock’s target price and why the target price is important.

A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...

blog post title

May 24, 2024 9:30 AM - Rajnish Katharotiya

How to Access and Analyze Earnings Call Transcripts

Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...

blog post title

May 27, 2024 3:30 PM - Rajnish Katharotiya

The best 5 GPU stocks other than NVDA

In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...

blog post title
FMP

FMP

Financial Modeling Prep API provides real time stock price, company financial statements, major index prices, stock historical data, forex real time rate and cryptocurrencies. Financial Modeling Prep stock price API is in real time, the company reports can be found in quarter or annual format, and goes back 30 years in history.
twitterlinkedinfacebookinstagram
2017-2024 © Financial Modeling Prep