Synaptics Inc expected to post earnings of $1.86 a share - Earnings Preview

Synaptics Incorporated

02/05/2023 03:01

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 3. 
    * The San Jose California-based  company is expected to
report  a
30.8% decrease in revenue to $325.469 million from $470.1
million a year ago, according to the mean estimate from 10
analysts, based on Refinitiv data. The company's guidance on
February 2 2023, for the period ended March 31, was for revenue
between $310.00 million and $340.00 million.
    * ​Refinitiv's mean analyst estimate for Synaptics Inc is
for
earnings of $1.86 per share. The company's EPS guidance on
February 2 2023, for the period ended March 31, was between
$1.65 and $2.05 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Synaptics
Inc is
$150​, above​ its last closing price of $90.29. ​​​

The company's guidance on February 2 2023 for the period ended
March 31 was for gross profit margin between USD60% and USD62%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2022  2.34        2.34       2.20      Missed  -5.9
 Sep. 30 2022  3.32        3.31       3.52      Beat    6.4
 Jun. 30 2022  3.67        3.67       3.87      Beat    5.4​
 Mar. 31 2022  3.55        3.55       3.75      Beat    5.6
 ​​Dec.        3.11        3.10       3.26      Beat    5
 31 2021                                                
 Sep. 30 2021  2.58        2.59       2.68      Beat    3.6​
 Jun. 30 2021  2.00        2.00       2.18      Beat    8.8
 Mar. 31 2021  1.90        1.89       2.03      Beat    7.1
 This summary was machine generated May 2 at 02:01 GMT.  All
figures in US dollars  unless otherwise stated