Qorvo Sees Q1 Revenue $825M-$875M vs $917.67M Est., Adj. EPS $0.60-$0.80 vs $1.27 Est.
Portfolio Pulse from Benzinga Newsdesk
Qorvo projects its Q1 revenue to be between $825M-$875M, which is below the estimated $917.67M. Additionally, its adjusted EPS is expected to be $0.60-$0.80, lower than the $1.27 estimate.
May 01, 2024 | 8:02 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Qorvo's Q1 revenue and adjusted EPS projections are significantly below analysts' expectations, indicating potential challenges ahead.
Qorvo's projected revenue and EPS for Q1 are both below the estimates, which could lead to negative investor sentiment and a potential decrease in stock price in the short term. The significant gap between the projections and the estimates highlights potential operational or market challenges that the company might be facing.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100