Priya Patel“`html
TLDR:
- Credo Technology Group will post quarterly earnings data on February 27th.
- Analysts expect earnings of $0.03 per share for the quarter.
Credo Technology Group (CRDO) is set to release its quarterly earnings data on February 27th, with analysts predicting earnings of $0.03 per share for the quarter. In its previous earnings release, the company beat estimates with $0.01 earnings per share. However, Credo Technology Group had a negative return on equity and a negative net margin. Despite a decrease in revenue compared to the previous year, analysts are still expecting positive EPS for the current and next fiscal year.
The stock has a market cap of $3.36 billion and has received favorable ratings from various Wall Street analysts. The company has seen insider activity with the selling of shares by Director Lip Bu Tan and CEO William Joseph Brennan. Institutional investors, including UBS Group AG and Northern Trust Corp, have also made changes to their positions in the stock. Credo Technology Group provides high-speed connectivity solutions for optical and electrical Ethernet applications.
Overall, the company’s performance will be closely watched after the earnings release to see if it meets analyst expectations and how the stock reacts to the financial results.
“`
