Investors are Watching These Stocks: Marvell Technology Group Ltd. (NASDAQ:MRVL), Best Buy Co., Inc. (NYSE:BBY)

For the current quarter, analysts are expecting Marvell Technology Group Ltd. (NASDAQ:MRVL) to report EPS of $0.2. This consensus estimate is provided by Zacks Research. After the period that ended on 2017-04-30, Marvell Technology Group Ltd. (NASDAQ:MRVL) reported an EPS actual of $0.2. The difference between the actual and estimate resulted in a surprise factor of 25%. The company is expected to release their next earnings report on or around 2017-09-05. Interested parties will be watching to see how company results compare to what the Street was projecting for the fiscal period.

Shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) have a current ABR or average broker rating of 2.13. This consensus recommendation is also provided by Zacks Research. The recommendation falls on a scale between 1 and 5. A broker rating of 1 would translate into a Strong Buy. A rating of 5 would indicate a Strong Sell recommendation. This consensus broker rating may help shed some light on how the sell-side is currently viewing company stock.

Covering analysts often provide target price projections for company shares. The current Zacks consensus target price on shares of Marvell Technology Group Ltd. (NASDAQ:MRVL) is $18.266. The top analyst target is $22, and the lowest target is $13 on the stock. Because of the different techniques used to gauge a company target price, estimates may be quite different from one analyst to another.

Best Buy Co., Inc. (NYSE:BBY) shares have a current ABR (average broker recommendation) of 2.57. This recommendation is offered by Zacks Research. The rating lands on a sliding numerical scale from 1 to 5. A recommendation of 5 would indicate a Strong Sell, and a 1 would signify a Strong Buy. The mean rating may help provide a general sense of analyst sentiment on company shares.

Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of Best Buy Co., Inc. (NYSE:BBY). The highest current target is $58. The lowest price target out of the polled analysts is presently $29. The consensus target price is currently noted at $46.923. Analysts may employ various techniques to help predict future stock price levels.

On the earnings front, Best Buy Co., Inc. (NYSE:BBY) is expected to post quarterly earnings per share of $0.6. This is the current consensus figure provided by Zacks. Investors and analysts will be looking for the company to next post earnings on or around 2017-08-22. Best Buy Co., Inc. (NYSE:BBY) most recently reported quarterly EPS of $0.6 for the quarter ending 2017-04-30. The gap between the actual and the projected estimate leading up to earnings created a surprise factor of 50%.

Leave a Comment