Advertisement
UK markets open in 3 hours 41 minutes
  • NIKKEI 225

    38,782.08
    -138.18 (-0.36%)
     
  • HANG SENG

    19,410.16
    +33.63 (+0.17%)
     
  • CRUDE OIL

    79.30
    +0.07 (+0.09%)
     
  • GOLD FUTURES

    2,379.30
    -6.20 (-0.26%)
     
  • DOW

    39,869.38
    -38.62 (-0.10%)
     
  • Bitcoin GBP

    51,694.18
    -411.02 (-0.79%)
     
  • CMC Crypto 200

    1,375.93
    -18.12 (-1.30%)
     
  • NASDAQ Composite

    16,698.32
    -44.07 (-0.26%)
     
  • UK FTSE All Share

    4,594.70
    -2.01 (-0.04%)
     

Qorvo (QRVO) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

For the quarter ended March 2024, Qorvo (QRVO) reported revenue of $940.99 million, up 48.7% over the same period last year. EPS came in at $1.39, compared to $0.26 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $925.44 million, representing a surprise of +1.68%. The company delivered an EPS surprise of +14.88%, with the consensus EPS estimate being $1.21.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

ADVERTISEMENT

Here is how Qorvo performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Revenue- HPA: $164.60 million versus $139.51 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +23.7% change.

  • Revenue- ACG: $653.60 million compared to the $683.08 million average estimate based on three analysts. The reported number represents a change of +56.5% year over year.

  • Revenue- CSG: $122.80 million versus the three-analyst average estimate of $103.09 million. The reported number represents a year-over-year change of +49.9%.

View all Key Company Metrics for Qorvo here>>>

Shares of Qorvo have returned +2.7% over the past month versus the Zacks S&P 500 composite's -4.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Qorvo, Inc. (QRVO) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research