Factors Expected To Influence Qorvo (QRVO) In Q4 Earnings
Zacks Investment Research | May 03, 2019 07:54AM ET
Qorvo, Inc. (NASDAQ:QRVO) is scheduled to report fourth-quarter fiscal 2019 results on May 7.
Notably, the company has surpassed the Zacks Consensus Estimate in the trailing four quarters, with an average beat of 11.3%.
Past-Quarter Performance
Qorvo had reported third-quarter fiscal 2019 non-GAAP earnings of $1.80 per share, surpassing the Zacks Consensus Estimate of $1.70 per share. The figure also jumped 9.5% from the year-ago quarter.
Revenues on a non-GAAP basis increased 1.5% year over year to $832.3 million. The Zacks Consensus Estimate is pegged at $821 million.
Guidance & Estimate
For the fourth quarter of fiscal 2019, Qorvo expects revenues between $660 million and $680 million. Earnings are projected to be $1.05 per share at the mid-point.
The corresponding Zacks Consensus Estimate for revenues is currently pegged at $671.2 million, suggesting an improvement of 0.9% from the year-ago reported figure.
The Zacks Consensus Estimate for earnings is currently pegged at $1.06 per share, indicating a marginal decline of 0.9% from the year-ago quarter.
Let’s see how things are shaping up prior to this announcement.
Qorvo, Inc. Price and EPS Surprise
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