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

Cirrus Logic

04/05/2023 22:03

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of 92 cents​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of 84 cents per share.
    * Revenue fell 23.9% to $372.82 million from a year ago;
analysts
expected $367.69 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was a loss
of 97
cents​.
    * The mean earnings estimate of analysts had risen by
about 1.6%
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 22.4% this
quarter and
gained 13.9% so far this year.
    * The company reported a quarterly loss of $53.67 million.
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $107.50 
    * 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 LSEG Refinitiv data May
4 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.84           0.92           Beat
 Dec. 31 2022      1.99           2.40           Beat
 Sep. 30 2022      1.44           1.99           Beat
 Jun. 30 2022      0.83           1.12           Beat