Cirrus Logic Inc expected to post earnings of 84  cents a share - Earnings Preview

Cirrus Logic

03/05/2023 03:09

* Cirrus Logic Inc  CRUS.OQ   CRUS.O  is expected to show a
fall
in quarterly revenue when it reports  results on May 4. 
    * The Austin Texas-based  company is expected to report  a
25.0% decrease in revenue to $367.693 million from $489.97
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
February 2 2023, for the period ended March 31, was for revenue
between $340.00 million and $400.00 million.
    * ​Refinitiv's mean analyst estimate for Cirrus Logic Inc is
for
earnings of 84 cents 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 $107.5​, above​ its last closing price of $85.38. ​​​

The company's guidance on February 2 2023 for the period ended
March 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  
 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. 30 2022  0.84        0.83       1.12      Beat    35.6​
 Mar. 31 2022  1.40        1.40       2.01      Beat    43.5
 ​​Dec.        2.14        2.14       2.54      Beat    18.8
 31 2021                                                
 Sep. 30 2021  1.63        1.63       1.82      Beat    11.9​
 Jun. 30 2021  0.39        0.40       0.54      Beat    36.3
 Mar. 31 2021  0.71        0.71       0.66      Missed  -7
 This summary was machine generated May 3 at 02:09 GMT.  All
figures in US dollars  unless otherwise stated