Brokerages expect Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Rating) to post earnings per share (EPS) of $0.01 for the current quarter, Zacks reports. Two analysts have provided estimates for Credo Technology Group’s earnings. The lowest EPS estimate is ($0.01) and the highest is $0.02. The business is expected to report its next earnings results on Monday, January 1st.
On average, analysts expect that Credo Technology Group will report full-year earnings of ($0.11) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.08). For the next year, analysts anticipate that the business will report earnings of $0.15 per share, with EPS estimates ranging from $0.14 to $0.15. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Credo Technology Group.
Credo Technology Group (NASDAQ:CRDO – Get Rating) last issued its quarterly earnings data on Wednesday, March 9th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $31.80 million for the quarter, compared to analyst estimates of $29.60 million.
A hedge fund recently bought a new stake in Credo Technology Group stock. Strs Ohio bought a new position in shares of Credo Technology Group Holding Ltd (NASDAQ:CRDO – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,200 shares of the company’s stock, valued at approximately $79,000.
NASDAQ CRDO traded down $0.15 during trading on Monday, reaching $11.04. 586,053 shares of the stock traded hands, compared to its average volume of 614,996. The firm’s 50-day moving average is $13.82. Credo Technology Group has a fifty-two week low of $10.43 and a fifty-two week high of $18.00.
About Credo Technology Group (Get Rating)
Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Mexico, Malaysia, Hong Kong, and internationally. Its products include integrated circuits, active electrical cables, and SerDes chiplets that are based on its serializer/deserializer and digital signal processor technologies.
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