Cirrus Logic Inc reports results for the quarter ended in December - Earnings Summary

Cirrus Logic

31/01/2022 22:01

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of $2.54​​ per share for the quarter ended in December. The mean
expectation of thirteen analysts for the quarter was
for earnings of $2.14 per share.
    * Revenue rose 12.9% to $548.35 million from a year ago; 
analysts
expected $510.42 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was
$2.16​.
    * The mean earnings estimate of analysts had risen by
about 6% in
the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Cirrus Logic Inc shares had fallen by 7.4% this quarter.
    * The company reported quarterly net income of $127.64
million.
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $110.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated January 31 at 10:01 p.m.
 ​All figures in US dollars unless otherwise stated