Cirrus Logic Inc expected to post earnings of $1.99 a share - Earnings Preview

Cirrus Logic

31/01/2023 21:32

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 2. 
    * The Austin Texas-based  company is expected to report  a
0.7% decrease in revenue to $544.597 million from $548.35
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
November 1 2022, for the period ended December 31, was for
revenue between $520.00 million and $580.00 million.
    * ​Refinitiv's mean analyst estimate for Cirrus Logic Inc is
for
earnings of $1.99 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 $92.5​, above​ its last closing price of $88.84. ​​​

The company's guidance on November 1 2022 for the period ended
December 31 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  
 Sep. 30 2022  1.44        1.44       1.99      Beat    38.5
 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.        1.63        1.63       1.82      Beat    11.9
 30 2021                                                
 Jun. 30 2021  0.39        0.40       0.54      Beat    36.3​
 Mar. 31 2021  0.71        0.71       0.66      Missed  -7
 Dec. 31 2020  1.87        1.86       2.13      Beat    14.6
 This summary was machine generated January 31 at 21:32 GMT.  All
figures in US dollars  unless otherwise stated