Cirrus Logic Inc expected to post earnings of $2.01 a share - Earnings Preview

Cirrus Logic

02/02/2024 22:49

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 6 for
the period ending December 31 2023
    * The Austin Texas-based  company is expected to report a
8.6% decrease in revenue to $540.063 million from $590.58
million a year ago, according to the mean estimate from 8
analysts, based on LSEG data.The company's guidance on November
2 2023, for the period ended December 31, was for revenue
between $510.00 million and $570.00 million.
    * ​LSEG's mean analyst estimate for Cirrus Logic Inc is for
earnings of $2.01 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"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 $92.50​, above​ its last closing price of $76.97. ​​​

The company's guidance on November 2 2023 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  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 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​
 Dec. 31 2022  2.00        1.99       2.40      Beat    20.6
 ​​Sep.        1.44        1.44       1.99      Beat    38.5
 30 2022                                                
 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
 This summary was machine generated February 2 at 22:49 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)