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Credo Technology Group Holding Ltd. (CRDO) Beats Q3 Earnings and Revenue Estimates
CRDOCredo Technology (CRDO) ZACKS·2025-03-04 23:35

Group 1 - Credo Technology Group Holding Ltd. reported quarterly earnings of 0.25pershare,exceedingtheZacksConsensusEstimateof0.25 per share, exceeding the Zacks Consensus Estimate of 0.18 per share, and showing a significant increase from 0.04pershareayearago,representinganearningssurpriseof38.890.04 per share a year ago, representing an earnings surprise of 38.89% [1] - The company achieved revenues of 135 million for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 12.50%, and compared to year-ago revenues of 53.06million[2]−Overthelastfourquarters,thecompanyhassurpassedconsensusEPSestimatesthreetimesandtoppedconsensusrevenueestimatesfourtimes[2]Group2−Thestockhasunderperformed,losingabout2553.06 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock has underperformed, losing about 25% since the beginning of the year, while the S&P 500 has declined by only 0.5% [3] - The current consensus EPS estimate for the coming quarter is 0.22 on revenues of 135.25million,andforthecurrentfiscalyear,itis135.25 million, and for the current fiscal year, it is 0.50 on revenues of $386.95 million [7] - The Electronics - Semiconductors industry, to which Credo Technology Group belongs, is currently in the top 36% of Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]