Wall Street's Insights Into Key Metrics Ahead of Marvell (MRVL) Q2 Earnings

Analysts on Wall Street project that Marvell Technology (MRVL) will announce quarterly earnings of $0.67 per share in its forthcoming report, representing an increase of 123.3% year over year. Revenues are projected to reach $2.01 billion, increasing 58% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.That said, let's delve into the average estimates of some Marvell metrics that Wall Street analysts commonly model and monitor.Analysts forecast 'Net Revenue by end market- Data center' to reach $1.51 billion. The estimate points to a change of +71.6% from the year-ago quarter.The consensus estimate for 'Net Revenue by end market- Carrier infrastructure' stands at $145.61 million. The estimate suggests a change of +91.8% year over year.It is projected by analysts that the 'Net Revenue by end market- Automotive/industrial' will reach $75.64 million. The estimate suggests a change of -0.7% year over year.Based on the collective assessment of analysts, 'Net Revenue by end market- Consumer' should arrive at $94.08 million. The estimate suggests a change of +5.8% year over year.Analysts' assessment points toward 'Net Revenue by end market- Enterprise networking' reaching $185.45 million. The estimate points to a change of +22.8% from the year-ago quarter. View all Key Company Metrics for Marvell here>>> Shares of Marvell have demonstrated returns of -1.6% over the past month compared to the Zacks S&P 500 composite's +2.7% change. With a Zacks Rank #3 (Hold), MRVL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in the coming year. While not all picks can be winners, previous recommendations have soared +112%, +171%, +209% and +232%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Marvell Technology, Inc. (MRVL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks