A Look at Qorvo's Upcoming Earnings Report

Qorvo (NASDAQ:QRVO) will release its quarterly earnings report on Tuesday, 2024-10-29. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Qorvo to report an earnings per share (EPS) of $1.85.

The market awaits Qorvo's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.

It's important for new investors to understand that guidance can be a significant driver of stock prices.

Earnings History Snapshot

The company's EPS beat by $0.16 in the last quarter, leading to a 0.28% increase in the share price on the following day.

Here's a look at Qorvo's past performance and the resulting price change:

Quarter

Q1 2025

Q4 2024

Q3 2024

Q2 2024

EPS Estimate

0.71

1.21

1.66

1.77

EPS Actual

0.87

1.39

2.10

2.39

Price Change %

0.0%

-14.000000000000002%

6.0%

-3.0%

Market Performance of Qorvo's Stock

Shares of Qorvo were trading at $99.01 as of October 25. Over the last 52-week period, shares are up 15.2%. Given that these returns are generally positive, long-term shareholders should be satisfied going into this earnings release.

Analysts' Perspectives on Qorvo

For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Qorvo.

Qorvo has received a total of 14 ratings from analysts, with the consensus rating as Neutral. With an average one-year price target of $123.21, the consensus suggests a potential 24.44% upside.

Analyzing ...