Credo Technology -Credo Technology Group Holding Ltd. (CRDO) Q4 Earnings and Revenues Beat Estimates

Core Viewpoint - Credo Technology Group Holding Ltd. reported quarterly earnings of $0.35 per share, exceeding the Zacks Consensus Estimate of$ 0.27 per share, and showing significant growth from $0.07 per share a year ago, indicating strong performance in the semiconductor industry [1][2]. Financial Performance - The company achieved revenues of$ 170.03 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 6.27%, and showing a substantial increase from $60.78 million in the same quarter last year [2]. - Over the last four quarters, Credo Technology has exceeded consensus EPS estimates three times and topped revenue estimates four times [2]. Stock Performance - Credo Technology Group shares have declined approximately 9.3% since the beginning of the year, contrasting with the S&P 500's gain of 0.5%, indicating underperformance relative to the broader market [3][4]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is$ 0.27 on revenues of $162.3 million, and for the current fiscal year, it is$ 1.08 on revenues of $671.35 million [7]. - The estimate revisions trend for the company is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6]. Industry Context - The Electronics - Semiconductors industry, to which Credo Technology belongs, is currently ranked in the top 37% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8].