Qorvo (QRVO) Expected to Announce Earnings on Tuesday

Qorvo (NASDAQ:QRVO) is expected to be posting its quarterly earnings results after the market closes on Tuesday, January 28th. Analysts expect Qorvo to post earnings of $1.21 per share and revenue of $910,833.14 billion for the quarter. Qorvo has set its Q3 guidance at $1.10-1.30 EPS and its Q3 2025 guidance at 1.100-1.300 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Qorvo (NASDAQ:QRVO) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $0.03. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Qorvo had a positive return on equity of 13.81% and a negative net margin of 3.58%. Qorvo’s revenue was down 5.2% compared to the same quarter last year. During the same period last year, the business posted $1.99 earnings per share. On average, analysts expect Qorvo to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Qorvo Trading Up 14.4 %

NASDAQ:QRVO opened at $84.21 on Tuesday. The firm has a market cap of $7.96 billion, a PE ratio of -57.68, a price-to-earnings-growth ratio of 5.74 and a beta of 1.40. The stock has a fifty day moving average price of $70.40 and a 200 day moving average price of $93.30. Qorvo has a 12-month low of $64.54 and a 12-month high of $130.99. The company has a current ratio of 1.90, a quick ratio of 1.38 and a debt-to-equity ratio of 0.45.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho decreased their target price on Qorvo from $98.00 to $80.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Barclays decreased their target price on Qorvo from $90.00 to $80.00 and set an “equal weight” rating for the company in a report on Friday. TD Cowen decreased their price target on Qorvo from $125.00 to $85.00 and set a “hold” rating for the company in a report on Wednesday, October 30th. JPMorgan Chase & Co. decreased their price target on Qorvo from $115.00 to $95.00 and set an “underweight” rating for the company in a report on Wednesday, October 30th. Finally, Benchmark downgraded Qorvo from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $98.47.

Insider Activity at Qorvo

In other Qorvo news, SVP Philip Chesley sold 4,045 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $70.15, for a total transaction of $283,756.75. Following the completion of the sale, the senior vice president now directly owns 30,261 shares of the company’s stock, valued at $2,122,809.15. This represents a 11.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.46% of the company’s stock.

About Qorvo

Qorvo, Inc engages in development and commercialization of technologies and products for wireless, wired, and power markets. It operates through three segments: High Performance Analog (HPA), Connectivity and Sensors Group (CSG), and Advanced Cellular Group (ACG). The HPA segment supplies radio frequency and power management solutions for automotive, defense and aerospace, cellular infrastructure, broadband, and other markets.