What is William Blair's Estimate for CRDO FY2028 Earnings?

Key Points

• William Blair forecasts that Credo Technology Group will achieve $2.58 earnings per share for FY2028, significantly higher than the current consensus estimate of $0.13 per share.
• The company reported $0.34 earnings per share for the most recent quarter, missing analyst expectations, but its revenue increased by 273.6% year-over-year.
• Multiple analysts, including Needham & Company and Mizuho, have raised their price targets for Credo Technology Group shares, reflecting optimism about the stock's performance, with average target now at $128.55.

Credo Technology Group Holding Ltd. (NASDAQ:CRDO - Free Report) - Research analysts at William Blair issued their FY2028 earnings per share estimates for Credo Technology Group in a note issued to investors on Tuesday, September 30th. William Blair analyst S. Naji forecasts that the company will post earnings per share of $2.58 for the year. William Blair currently has a "Outperform" rating on the stock. The consensus estimate for Credo Technology Group's current full-year earnings is $0.13 per share.

Credo Technology Group (NASDAQ:CRDO - Get Free Report) last released its quarterly earnings results on Wednesday, September 3rd. The company reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.36 by ($0.02). The firm had revenue of $223.07 million for the quarter, compared to analyst estimates of $190.63 million. Credo Technology Group had a return on equity of 19.02% and a net margin of 20.85%.The company's revenue was up 273.6% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. Credo Technology Group has set its Q2 2026 guidance at EPS.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC boosted their price target on shares of Credo Technology Group from $85.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, September 4th. Mizuho upped their target price on Credo Technology Group from $135.00 to $155.00 and gave the stock an "outperform" rating in a report on Thursday, September 4th. Barclays increased their price target on Credo Technology Group from $85.00 to $165.00 and gave the company an "overweight" rating in a research report on Thursday, September 4th. Susquehanna boosted their price target on Credo Technology Group from $115.00 to $165.00 and gave the stock a "positive" rating in a research report on Thursday, September 4th. Finally, Wall Street Zen raised Credo Technology Group from a "hold" rating to a "buy" rating in a report on Sunday. Two equities research analysts have rated the stock with a Strong Buy rating and thirteen have issued a Buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $128.55.

Credo Technology Group Stock Down 0.5%

Shares of CRDO stock opened at $144.91 on Thursday. Credo Technology Group has a 12 month low of $29.09 and a 12 month high of $176.70. The company's fifty day simple moving average is $131.38 and its 200-day simple moving average is $86.69. The firm has a market cap of $25.07 billion, a PE ratio of 216.28 and a beta of 2.60.

Hedge Funds Weigh In On Credo Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in CRDO. Operose Advisors LLC increased its stake in shares of Credo Technology Group by 69.2% during the first quarter. Operose Advisors LLC now owns 616 shares of the company's stock worth $25,000 after purchasing an additional 252 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Credo Technology Group during the 1st quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Credo Technology Group during the 1st quarter worth $27,000. Pinpoint Asset Management Singapore Pte. Ltd. acquired a new stake in shares of Credo Technology Group during the second quarter worth $27,000. Finally, Harbour Investments Inc. bought a new stake in shares of Credo Technology Group in the first quarter valued at about $29,000. Institutional investors and hedge funds own 80.46% of the company's stock.

Insiders Place Their Bets

In other Credo Technology Group news, CTO Chi Fung Cheng sold 55,000 shares of the firm's stock in a transaction on Monday, September 29th. The stock was sold at an average price of $148.87, for a total transaction of $8,187,850.00. Following the completion of the sale, the chief technology officer owned 6,888,961 shares of the company's stock, valued at $1,025,559,624.07. This trade represents a 0.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William Joseph Brennan sold 18,016 shares of Credo Technology Group stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $164.11, for a total transaction of $2,956,605.76. Following the transaction, the chief executive officer directly owned 369,173 shares of the company's stock, valued at approximately $60,584,981.03. This trade represents a 4.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 798,915 shares of company stock worth $99,967,495 in the last quarter. Company insiders own 11.84% of the company's stock.

Credo Technology Group Company Profile

Credo Technology Group Holding Ltd provides various high-speed connectivity Credo Technology Group Holding Ltd provides various high-speed connectivity solutions for optical and electrical Ethernet applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally. Its products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, serializer/deserializer (SerDes) chiplets, and SerDes IP, as well as integrated circuits, active electrical cables.

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