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Published on 25 Nov 2021 on Zacks via Yahoo Finance

Marvell Technology (MRVL) Reports Next Week: Wall Street Expects Earnings Growth


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The market expects Marvell Technology (MRVL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended October 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on December 2, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

NASDAQ.MRVL price evolution

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