Cirrus Logic Inc reports results for the quarter ended March 31 - Earnings Summary

Cirrus Logic

06/05/2025 22:01

Cirrus Logic Inc CRUS.OQ reported quarterly adjusted earnings of $1.67​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.24.  The mean expectation of eight analysts for the quarter was for earnings of $1.18 per share. Wall Street expected results to range from $1.14  to $1.22 per share.

Revenue rose 14.2% to $424.46 million from a year ago; analysts expected $380.31 million.

Cirrus Logic Inc's reported EPS for the quarter was $1.31​.

The company reported quarterly net income of $71.27 million.

Cirrus Logic Inc shares had fallen by 1.2% this quarter and lost 1.1% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 6.3% in the last three months.​

In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Cirrus Logic Inc is $125.00

This summary was machine generated from LSEG data May 6 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
1.18
1.67
Beat
Dec. 31 2024
2.12
2.51
Beat
Sep. 30 2024
2.02
2.25
Beat
Jun. 30 2024
0.61
1.12
Beat