Marvell Technology Group (MRVL) : Q216 Earnings Whisper

Marvell Technology Group Ltd. (MRVL) is set to report its Q216 results today after the close. Wall Street analysts are on average expecting MRVL to post $725.01 million in sales during the quarter. This would show a 0.14% increase from the Q116 revenue of $724 million and an decrease of 24.60% from the same period in Q215. EPS in Q216 are expected to come in at $0.11, a decline rate of 67.65% from $0.34 per share a year earlier. Meanwhile, reports a whisper number of $0.12 per share.

As a quick reminder, MRVL reported Q116 EPS of $0.13, $0.03 better than the Street’s consensus estimate. Revs decreased 24.43% yoy to $724 million versus the $733.35 million consensus.

On valuation measures, Marvell Technology Group Ltd. shares are priced at 15.55x this year’s forecasted earnings, compared to the industry’s 11.61x earnings multiple. The company’s current year and next year EPS growth estimates stand at (49.6%) and 25.90% compared to the industry growth rates of 17.10% and 28.40%, respectively. MRVL has a t-12 price-to-sales ratio of 1.63. EPS for the same period registers at $0.68.

MRVL shares have declined 16.61% in the last 4 weeks and 25.62% in the past three months. Over the past 5 trading sessions the stock has lost 3.21%. The Hamilton, Bermuda-based company, which is currently valued at $5.46 billion, has a median Wall Street price target of $15.00 with a high target of $17.50.

Marvell Technology Group Ltd. is down 23.21% year-over-year, compared with a 2.77% loss in the S&P 500.

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