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

Cirrus Logic

03/08/2023 22:03

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of 67 cents​​ per share for the quarter ended in June. The mean
expectation of ten analysts for the quarter was for earnings of
41 cents per share.
    * Revenue fell 19.5% to $317.02 million from a year ago;
analysts
expected $287.24 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was 28
cents​.
    * The mean earnings estimate of analysts had fallen by
about 28.2%
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 fallen by 0.9% this
quarter and
gained 7.8% so far this year.
    * The company reported quarterly net income of $15.6
million.
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $90.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 3 at 09:03 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.41           0.67           Beat
 Mar. 31 2023      0.84           0.92           Beat
 Dec. 31 2022      1.99           2.40           Beat
 Sep. 30 2022      1.44           1.99           Beat