Qorvo, Inc. (NASDAQ:QRVO) is reporting second quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 2.12 per share from $ 1013.48 million in revenue.
For the full year, analysts predict revenues of $ 3553.79 million, while looking forward to income of $ 7.02 per share.
The Company Outlook
Earnings for 2Q21 are anticipated in a range of $ 2.14 ~ $ 2.14 per share, while revenues are expected in a range of $ 1,000.00 million ~ $ 1,030.00 million
Click Here For More Historical Outlooks Of Qorvo, Inc.
Previous Quarter Performance
Qorvo, Inc. recorded income for the first quarter of $ 1.50 per share, from the revenue of $ 787.45 million. According to street consensus, QRVO was expected to report 1Q21 income of $ 1.13 per share from revenue of $ 730.17 million. The bottom line results beat street analysts by $ 0.37 or 32.74 percent, at the same time, top line results outshined analysts by $ 57.28 million or 7.84 percent.
Stock Performance
Shares of Qorvo, Inc. traded up $ 0.52 or 0.41 percent on Tuesday, reaching $ 128.46 with volume of 1.32 million shares. Qorvo, Inc. has traded high as $ 130.77 and has cracked $ 128.00 on the downward trend
According to the previous trading day, closing price of $ 128.46, representing a 89.43 % increase from the 52 week low of $ 67.54 and a 9.06 % decrease over the 52 week high of $ 140.69.
The company has a market capital of $ 14.67 billion and is part of the Technology sector and Semiconductors industry.
Recent Analyst recommendations
- On 15th September 2020, maintained by Morgan Stanley at Overweight rating, with $ 155.00 target price.
- On 9th September 2020, maintained by Piper Sandler at Overweight rating, with $ 160.00 target price.
- On 9th September 2020, maintained by Loop Capital at Buy rating, with $ 155.00 target price.
- On 9th September 2020, maintained by Wells Fargo & Co at Overweight rating, with $ 150.00 target price.
- On 9th September 2020, maintained by JPMorgan Chase & Co. at Overweight rating, with $ 145.00 target price.
Conference Call
Qorvo, Inc. will be hosting a conference call at 5:00 PM eastern time on 4th November 2020, to discuss its 2Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.qorvo.com
Qorvo, Inc. provides radio frequency (RF) solutions and technologies for smartphones and other mobile devices, defense and aerospace, Wi-Fi customer premises equipment, cellular base stations, and Internet of Things applications (IoT) worldwide. The company operates in two segments, Mobile Products, and Infrastructure and Defense Products.
