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

Cirrus Logic

04/05/2022 01:25

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of $2.01​​ per share for the quarter ended in March. The mean
expectation of twelve analysts for the quarter was for earnings
of $1.40 per share.
    * Revenue rose 66.9% to $489.97 million from a year ago; 
analysts
expected $420.29 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was
$1.64​.
    * The mean earnings estimate of analysts had risen by
about 2.8%
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 7.5% this
quarter and
lost 14.8% so far this year.
    * The company reported quarterly net income of $96.41
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 10 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated May 4 at 12:25 a.m.  ​All
figures in US dollars unless otherwise stated