Marvell Technology Group Ltd.
) is set to report third quarter fiscal 2014 results on Nov 21.
The company delivered a positive earnings surprise of 15.38% in
the second quarter. Let's see how things are shaping up for this
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Factors this Past Quarter
Marvell delivered solid second-quarter results wherein both the
top and bottom line came ahead of the Zacks Consensus Estimate.
Revenue contributions from the end markets were in line with
expectations. Also, continuous share buybacks were a positive.
Marvell also provided encouraging third-quarter guidance. Marvell
should do well in the longer-term, as the company expects mobile
and wireless end markets to grow in double digits sequentially,
driven by ramp up in its unified 3G platform for mobile and
advanced wireless connectivity solutions. However, we remain
concerned about stiff competition in the semiconductor market
from major players such as
Our proven model does not conclusively show that Marvell will
beat earnings this quarter. That is because a stock needs to have
both a positive Earnings ESP and a Zacks Rank of #1, 2 or 3 for
this to happen. That is not the case here as you will see below.
Both the Most Accurate estimate and the Zacks Consensus
Estimate stand at 17 cents. Hence, the difference is 0.00%.
Zacks Rank #4 (Sell):
We caution against stocks with Zacks Ranks #4 and #5 (Sell rated
stocks) going into the earnings announcement, especially when the
company is seeing negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
Trina Solar Limited
), Earnings ESP of +77.78% and a Zacks Rank #2 (Buy)
), Earnings ESP of +16.67% and a Zacks Rank #2 (Buy)