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

Cirrus Logic

02/02/2023 22:01

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of $2.40​​ per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for earnings
of $1.99 per share.
    * Revenue rose 7.7% to $590.58 million from a year ago;
analysts
expected $544.60 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was
$1.83​.
    * The mean earnings estimate of analysts had fallen by
about 0.9%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Cirrus Logic Inc shares had risen by 25.2% this quarter.
    * The company reported quarterly net income of $103.48
million.
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $92.50 
    * 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." 

This summary was machine generated from Refinitiv data February
2 at 10:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.99           2.40           Beat
 Sep. 30 2022      1.44           1.99           Beat
 Jun. 30 2022      0.83           1.12           Beat
 Mar. 31 2022      1.40           2.01           Beat