PREVIEW: Apple supplier Cirrus climbs ahead of report

Cirrus Logic

31/01/2022 16:30

** Shares of Cirrus Logic Inc  CRUS.O  rising 2.6% on Mon ahead
of the co's qtrly report after the bell, with analysts on avg
expecting a modest increase in sales from the iPhone supplier
     ** Analysts on avg expect qtrly rev up 5.1% to $510 mln and
adjusted EPS of $2.14, per Refinitiv 
    ** Co's adjusted EPS has met or beaten consensus analyst
expectations in two of the past four qtrs, per Refinitiv
    ** CRUS now down 5% YTD vs Nasdaq's  .IXIC  ~10% decrease
    ** 14 analysts cover CRUS, on avg rating it 'buy'. Median PT
is $110, which is ~6% above its current price of $87.50

 (Reporting by Noel Randewich)
 ((noel.randewich@tr.com; Twitter: @randewich;))