Earnings Forecast Research on Qorvo, Inc. (QRVO)

Qorvo, Inc. has received $1.06 as the consensus Earnings Estimate for the Quarter ending on Dec 2016 ,According to the estimate provided by 5 Financial Advisor in the Stock Trading Firms. Among 5 Analysts, Bottom line EPS Estimate for the current quarter is $1.03 while the top line estimate is $1.1 , a key information to consider for Day Trading and investing in stocks. The EPS growth rate is projected at 29.76%.

Qorvo, Inc. results fell short with a surprise EPS of -8.4% or $-0.1. The Actual EPS was $1.09 compared to the Estimated EPS of $1.19 during its most recent quarterly earnings.

Qorvo, Inc. has a Price to Earnings ratio of 17.81 for the trailing twelve month period. The price to book ratio of the company for the most recent quarter is 1.65. For the Most Recent Fiscal Year, Qorvo, Inc. has a price to cash ratio of 7.48. For the Trailing twelve month period, company showed a Net Profit Margin of -1.04% and Return on Equity of the stock is 9.6%.

In the last quarter, Qorvo, Inc. reported Annual Earnings of $1.09. Based on the filings, last years Annual Earnings was, $3.55. In the last Quarter, QRVO reported a surprise Earnings per Share of -8.4% . The consensus estimate for current quarter is $1.06 and for the current fiscal year, the estimate is $3.86. For the Next fiscal year, the estimate is $5.49 based on the consensus.

Qorvo, Inc. (NASDAQ:QRVO) stock ended Tuesday session in the red zone in a volatile trading. The stock closed down 0.08 points or 0.12% at $64.21 with 1,944,601 shares getting traded. Post opening the session at $63.84, the shares hit an intraday low of $63.28 and an intraday high of $64.42 and the price was in this range throughout the day. The company has a market cap of $8,201 million and the number of outstanding shares has been calculated to be 127,727,701 shares. The 52-week high of Qorvo, Inc. (NASDAQ:QRVO) is $64.8 and the 52-week low is $33.3.

Qorvo, Inc. is a provider of technologies and RF solutions for mobile, infrastructure and aerospace/defence applications. The Company operates through two subsidiaries: RF Micro Devices, Inc. (RFMD) and TriQuint Semiconductor, Inc. (TriQuint). RFMD designs and manufactures radio frequency solutions. TriQuint designs, develops and manufactures active and passive technologies, including power amplifier, switch and filter modules for the mobile device, network infrastructure, and defence and aerospace markets. Its products are used for wireless communications applications such as cellular and PCS, cordless telephony, wireless LANs, industrial radios, wireless security and remote meter reading. Qorvo, Inc.is based in United States.


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