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

Cirrus Logic

01/11/2022 22:00

* Cirrus Logic Inc  CRUS.OQ  reported quarterly adjusted
earnings
of $1.99​​ per share for the quarter ended in September. The
mean expectation of ten analysts for the quarter was
for earnings of $1.44 per share.
    * Revenue rose 16% to $540.57 million from a year ago;
analysts
expected $462.73 million. 
    * Cirrus Logic Inc's reported EPS for the quarter was
$1.52​.
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Cirrus Logic Inc shares had fallen by 2.4% this
quarter and
lost 27.1% so far this year.
    * The company reported quarterly net income of $87.19
million.
    * Wall Street's median 12-month price target for Cirrus
Logic Inc
is $94.45 
    * 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 November
1 at 10:00 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      1.44           1.99           Beat
 Jun. 30 2022      0.83           1.12           Beat
 Mar. 31 2022      1.40           2.01           Beat
 Dec. 31 2021      2.14           2.54           Beat