Marvell Technology Group Earnings: Your Sneak Peek to the Big Announcement

Marvell Technology Group (NASDAQ:MRVL) will report earnings after markets close on Thursday, May 23rd. Marvell Technology Group Ltd. designs, develops, and markets integrated circuits for communications-related markets. The Company’s products provide the interface between analog signals and the digital information used in computing and communications systems. Marvell’s technology is applied to the broadband data communications market.

Here is your Cheat Sheet to Marvell Technology Group Earnings:

Earnings Expectations: Analysts expect earnings of $0.14 per share on revenues of $721.55 million. Currently, the company’s P/E ratio stands at 21.17.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.17 to a profit $0.18. For the current year, the average estimate is a profit of $0.78, which is better than the estimate ninety days ago.

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Earnings Trends:

Here’s how Marvell Technology Group has been performing on an annual basis:

Fiscal Year 2009 2010 2011 2012 2013
Revenue ($) in millions 2,951 2,808 3,612 3,393 3,169
Diluted EPS ($) 0.23 0.54 1.34 0.99 0.54

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Apr. 30, 2012 Jul. 31, 2012 Oct. 31, 2012 Jan. 31, 2013
Revenue ($) in millions 796.35 816.10 780.88 775.29
Diluted EPS ($) 0.16 0.16 0.12 0.09

Past Performance:
Marvell Technology Group has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)