Qorvo Sees Q4 Adj. EPS $1.20 Midpoint vs $1.17 Est., Revenue $900M-$950M vs $913.143M Est.
Portfolio Pulse from Benzinga Newsdesk
Qorvo projects Q4 adjusted EPS at $1.20 midpoint, slightly above the $1.17 estimate, with revenue guidance between $900M-$950M versus the expected $913.143M.
January 31, 2024 | 9:01 pm
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POSITIVE IMPACT
Qorvo's Q4 adjusted EPS guidance is above estimates, which could lead to positive investor sentiment and a potential increase in stock price in the short term.
Qorvo's guidance for Q4 adjusted EPS is higher than analyst estimates, which is typically a positive signal for investors and can lead to an increase in stock price. The revenue guidance range encompasses the analyst estimate, indicating management's confidence in meeting or potentially exceeding expectations. This positive outlook is likely to be well-received by the market, leading to a short-term bullish impact on QRVO's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100