Cirrus Logic Inc expected to post earnings of $2.12 a share - Earnings Preview

Cirrus Logic

31/01/2025 21:46

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on February 4 for
the period ending December 31 2024
    * The Austin Texas-based  company is expected to report a
17.6% decrease in revenue to $510.312 million from $618.98
million a year ago, according to the mean estimate from 7
analysts, based on LSEG data.The company's guidance on November
4 2024, for the period ended December 31, was for revenue
between $480.00 million and $540.00 million.
    * ​LSEG's mean analyst estimate for Cirrus Logic Inc is for
earnings of $2.12 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 0.1%
in the last three months. ​
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $135.00​, above​ its last closing price of $99.29. ​​​

The company's guidance on November 4 2024 for the period ended
December 31 was for gross profit margin between USD51% and
USD53%.
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 2024  2.02        2.02       2.25      Beat    11.4
 Jun. 30 2024  0.63        0.61       1.12      Beat    82.1
 Mar. 31 2024  0.66        0.64       1.24      Beat    93.4​
 Dec. 31 2023  2.01        2.01       2.89      Beat    43.6
 ​​Sep.        1.56        1.54       1.80      Beat    16.6
 30 2023                                                
 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
 This summary was machine generated January 31 at 21:46 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)