Cirrus Logic Inc expected to post earnings of $1.40 a share - Earnings Preview

Cirrus Logic

30/04/2022 03:05

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
rise
in quarterly revenue when it reports  results on May 3. 
    * The Austin Texas-based  company is expected to report  a
43.2% increase in revenue to $420.287 million from $293.54
million a year ago, according to the mean estimate from 11
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Cirrus Logic Inc is
for
earnings of $1.40 per share. For the same quarter last year, the
company reported earnings of 66 cents per share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 2
"hold" and 1 "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 $110​, above​ its last closing price of $75.80. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  2.14        2.14       2.54      Beat    18.8
 Sep. 30 2021  1.63        1.63       1.82      Beat    11.9
 Jun. 30 2021  0.39        0.40       0.54      Beat    36.3​
 Mar. 31 2021  0.71        0.71       0.66      Missed  -7
 ​​Dec.        1.87        1.86       2.13      Beat    14.6
 31 2020                                                
 Sep. 30 2020  0.90        0.90       1.26      Beat    40.6​
 Jun. 30 2020  0.31        0.30       0.53      Beat    75.6
 Mar. 31 2020  0.48        0.50       0.68      Beat    37.2
 This summary was machine generated April 30 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated