Marvell Technology, Inc. (NASDAQ:MRVL) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Marvell Technology, Inc. (NASDAQ:MRVL) Second-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Investors in Marvell Technology, Inc. (NASDAQ:MRVL) had a good week, as its shares rose 6.1% to close at US$76.24 following the release of its quarterly results. Revenues came in at US$1.3b, in line with expectations, while statutory losses per share were substantially higher than expected, at US$0.22 per share. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Marvell科技公司(納斯達克股票代碼:MRVL)的投資者度過了愉快的一週,在公佈季度業績後,其股價上漲6.1%,收於76.24美元。收入爲13億美元,符合預期,而每股法定虧損大大高於預期,爲每股0.22美元。對於投資者來說,盈利是一個重要時刻,因爲他們可以追蹤公司的業績,查看分析師對明年的預測,看看對公司的情緒是否發生了變化。因此,我們收集了最新的業績後預測,以了解估計對明年的預測。
Following the latest results, Marvell Technology's 30 analysts are now forecasting revenues of US$5.53b in 2025. This would be an okay 4.8% improvement in revenue compared to the last 12 months. The loss per share is expected to greatly reduce in the near future, narrowing 54% to US$0.51. Before this latest report, the consensus had been expecting revenues of US$5.41b and US$0.47 per share in losses. Overall it looks as though the analysts were a bit mixed on the latest consensus updates. Although there was a nice uplift to revenue, the consensus also made a modest increase to its losses per share forecasts.
根據最新業績,Marvell科技的30位分析師現在預測2025年的收入爲55.3億美元。與過去12個月相比,收入可以增加4.8%。預計每股虧損將在不久的將來大幅減少,縮小54%,至0.51美元。在這份最新報告之前,共識一直預計收入爲54.1億美元,每股虧損0.47美元。總體而言,分析師對最新的共識更新似乎有些喜憂參半。儘管收入出現了不錯的增長,但共識也略微提高了每股虧損的預期。
The consensus price target stayed unchanged at US$92.62, seeming to suggest that higher forecast losses are not expected to have a long term impact on the valuation. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some investors like to look at the range of estimates to see if there are any diverging opinions on the company's valuation. The most optimistic Marvell Technology analyst has a price target of US$120 per share, while the most pessimistic values it at US$75.00. These price targets show that analysts do have some differing views on the business, but the estimates do not vary enough to suggest to us that some are betting on wild success or utter failure.
共識目標股價維持在92.62美元不變,這似乎表明更高的預測損失預計不會對估值產生長期影響。但是,固定單一價格目標可能是不明智的,因爲共識目標實際上是分析師目標股價的平均值。因此,一些投資者喜歡查看估計範圍,看看對公司的估值是否有任何分歧。最樂觀的Marvell科技分析師將目標股價定爲每股120美元,而最悲觀的分析師則將其估值爲75.00美元。這些目標股價表明,分析師對該業務的看法確實有所不同,但這些估計的差異不足以向我們表明,有些人押注取得巨大成功或徹底失敗。
Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. We would highlight that Marvell Technology's revenue growth is expected to slow, with the forecast 9.9% annualised growth rate until the end of 2025 being well below the historical 18% p.a. growth over the last five years. Compare this against other companies (with analyst forecasts) in the industry, which are in aggregate expected to see revenue growth of 18% annually. Factoring in the forecast slowdown in growth, it seems obvious that Marvell Technology is also expected to grow slower than other industry participants.
現在從大局來看,我們理解這些預測的方法之一是看看它們與過去的表現和行業增長估計相比如何。我們要強調的是,Marvell Technology的收入增長預計將放緩,預計到2025年底的年化增長率爲9.9%,遠低於過去五年18%的歷史年增長率。相比之下,該行業的其他公司(根據分析師的預測),後者的總體收入預計每年將增長18%。考慮到預期的增長放緩,很明顯,預計Marvell Technology的增長速度也將低於其他行業參與者。
The Bottom Line
底線
The most important thing to take away is that the analysts increased their loss per share estimates for next year. Fortunately, they also upgraded their revenue estimates, although our data indicates it is expected to perform worse than the wider industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.
要了解的最重要的一點是,分析師提高了明年的每股虧損預期。幸運的是,他們還上調了收入預期,儘管我們的數據表明其表現預計將比整個行業差。共識目標股價沒有實際變化,這表明根據最新估計,該業務的內在價值沒有發生任何重大變化。
With that in mind, we wouldn't be too quick to come to a conclusion on Marvell Technology. Long-term earnings power is much more important than next year's profits. We have forecasts for Marvell Technology going out to 2027, and you can see them free on our platform here.
考慮到這一點,我們不會太快就Marvell技術得出結論。長期盈利能力比明年的利潤重要得多。我們對Marvell科技的預測將持續到2027年,你可以在我們的平台上免費查看。
You can also see whether Marvell Technology is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.
您還可以在我們的平台上免費查看 Marvell Technology 是否揹負了過多的債務,以及其資產負債表是否健康。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。