Cirrus Logic Inc expected to post earnings of $1.44 a share - Earnings Preview

Cirrus Logic

29/10/2022 03:05

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on November 1. 
    * The Austin Texas-based  company is expected to report  a
0.7% decrease in revenue to $462.726 million from $465.89
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
August 2 2022, for the period ended September 30, was for
revenue between $450.00 million and $490.00 million.
    * ​Refinitiv's mean analyst estimate for Cirrus Logic Inc is
for
earnings of $1.44 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"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 $94.45​, above​ its last closing price of $68.78. ​​​

The company's guidance on August 2 2022 for the period ended
September 30 was for gross profit margin between USD49% and
USD51%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.84        0.83       1.12      Beat    35.6
 Mar. 31 2022  1.40        1.40       2.01      Beat    43.5
 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.        0.39        0.40       0.54      Beat    36.3
 30 2021                                                
 Mar. 31 2021  0.71        0.71       0.66      Missed  -7​
 Dec. 31 2020  1.87        1.86       2.13      Beat    14.6
 Sep. 30 2020  0.90        0.90       1.26      Beat    40.6
 This summary was machine generated October 29 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated