Marvell Technology Group Ltd. Second Quarter Earnings Sneak Peek

Marvell Technology Group Ltd. (NASDAQ:MRVL) will unveil its latest earnings on Thursday, August 18, 2011. Marvell Technology Group Ltd. is a global semiconductor provider of analog, mixed-signal, digital signal processing and embedded microprocessor integrated circuits.

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Marvell Technology Group Ltd. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for profit of 32 cents per share, a decline of 11.1% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved up from 30 cents. Between one and three months ago, the average estimate moved up, but it has been unchanged at 32 cents during the last month. For the year, analysts are projecting net income of $1.30 per share, a decline of 11.6% from last year.

Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported profit of 24 cents per share against an estimate of net income of 26 cents per share. The quarter before that, it missed forecasts by one cent.

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Wall St. Revenue Expectations: On average, analysts predict $889 million in revenue this quarter, a decline of 0.8% from the year ago quarter. Analysts are forecasting total revenue of $3.63 billion for the year, a rise of 0.6% from last year’s revenue of $3.61 billion.

Analyst Ratings: Analysts are bullish on this stock with 20 analysts rating it as a buy, none rating it as a sell and seven rating it as a hold.

Key Stats:

A year-over-year revenue decrease in the first quarter snaps a streak of three consecutive quarters of revenue increases. Revenue fell 6.2% in the first quarter and rose 6.9%in the fourth quarter of the last fiscal year, 19.5% in the third quarter of the last fiscal year and 39.9% in the second quarter of the last fiscal year.

The decrease in profit in the first quarter breaks a streak of three consecutive quarters of year-over-year profit increases. Net income fell 28.6% in the first quarter from the year earlier, while the figure rose 8.8% in the fourth quarter of the last fiscal year, 26.9% in the third quarter of the last fiscal year and more than threefold in the second quarter of the last fiscal year.

Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), Intel Corporation (NASDAQ:INTC), Broadcom Corporation (NASDAQ:BRCM), PLX Technology, Inc. (NASDAQ:PLXT), Standard Microsystems Corp. (NASDAQ:SMSC), PMC-Sierra, Inc. (NASDAQ:PMCS), LSI Corporation (NYSE:LSI), STMicroelectronics N.V. (NYSE:STM), and NVIDIA Corporation (NASDAQ:NVDA).

Stock Price Performance: During July 15, 2011 to August 12, 2011, the stock price had dropped $2.29 (-15.4%) from $14.87 to $12.58. The stock price saw one of its best stretches over the last year between January 4, 2011 and January 18, 2011 when shares rose for 10-straight days, rising 20.8% (+$3.77) over that span. It saw one of its worst periods between December 2, 2010 and December 16, 2010 when shares fell for 11-straight days, falling 9.2% (-$1.89) over that span. Shares are down $5.97 (-32.2%) year to date.

(Source: Xignite Financials)

Investing Insights: Steve Jobs Prepares to Deliver a New Catalyst for Apple’s Stock.

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