Cirrus Logic Inc expected to post earnings of $1.54 a share - Earnings Preview

Cirrus Logic

01/11/2023 01:19

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results 
    * The Austin Texas-based  company is expected to report  a
15.4% decrease in revenue to $457.491 million from $540.57
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data. The company's guidance on August 3
2023, for the period ended September 30, was for revenue between
$430.00 million and $490.00 million.
    * ​Refinitiv's mean analyst estimate for Cirrus Logic Inc is
for
earnings of $1.54 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 $92.5​, above​ its last closing price of $66.93. ​​​

The company's guidance on August 3 2023 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 2023  0.41        0.41       0.67      Beat    63.9
 Mar. 31 2023  0.85        0.84       0.92      Beat    9.7
 Dec. 31 2022  2.00        1.99       2.40      Beat    20.6​
 Sep. 30 2022  1.44        1.44       1.99      Beat    38.5
 ​​Jun.        0.84        0.83       1.12      Beat    35.6
 30 2022                                                
 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
 This summary was machine generated November 1 at 01:18 GMT.  All
figures in US dollars  unless otherwise stated