Cirrus Logic Inc expected to post earnings of $1.18 a share - Earnings Preview

Cirrus Logic

02/05/2025 22:00

Cirrus Logic Inc CRUS.OQ CRUS.O is expected to show a rise in quarterly revenue when it reports  results on May 6 for the period ending March 31 2025

The Austin Texas-based  company is expected to report a 2.3% increase in revenue to $380.308 million from $371.83 million a year ago, according to the mean estimate from 7 analysts, based on LSEG data.The company's guidance on February 4 2025, for the period ended March 31, was for revenue between $350.00 million and $410.00 million.

​LSEG's mean analyst estimate for Cirrus Logic Inc is for earnings of $1.18 per share.

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

The mean earnings estimate of analysts was unchanged in the last three months. ​

Wall Street's median 12-month price target for Cirrus Logic Inc is $125.00​, above​ its last closing price of $95.54. ​​​

The company's guidance on February 4 2025 for the period ended March 31 was for gross profit margin between USD51% and USD53%.

Previous quarterly performance (using preferred earnings measure in US dollars). ​

QUARTER ENDING
STARMINESMARTESTIMATE®
LSEG IBES ESTIMATE
ACTUAL
BEAT, MET, MISSED
SURPRISE %
Dec. 31 2024
2.04
2.12
2.51
Beat
18.2
Sep. 30 2024
2.02
2.02
2.25
Beat
11.4
Jun. 30 2024
0.63
0.61
1.12
Beat
82.1​
Mar. 31 2024
0.66
0.64
1.24
Beat
93.4
​​Dec. 31 2023
2.01
2.01
2.89
Beat
43.6
Sep. 30 2023
1.56
1.54
1.80
Beat
16.6​
Jun. 30 2023
0.41
0.41
0.67
Beat
63.9
Mar. 31 2023
0.85
0.84
0.92
Beat
9.7

This summary was machine generated May 2 at 21:00 GMT.  All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)