Synaptics Inc expected to post earnings of $2.34 a share - Earnings Preview

Synaptics Incorporated

31/01/2023 21:10

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
fall in
quarterly revenue when it reports  results on February 2. 
    * The San Jose California-based  company is expected to
report  a
13.1% decrease in revenue to $365.38 million from $420.5 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on November 3
2022, for the period ended December 31, was for revenue between
$350.00 million and $380.00 million.
    * ​Refinitiv's mean analyst estimate for Synaptics Inc is
for
earnings of $2.34 per share. The company's EPS guidance on
November 3 2022, for the period ended December 31, was between
$2.15 and $2.55 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 3
"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
$117.5​, below​ its last closing price of $121.46. ​​​

The company's guidance on November 3 2022 for the period ended
December 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  
 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. 31 2021  3.11        3.10       3.26      Beat    5
 ​​Sep.        2.58        2.59       2.68      Beat    3.6
 30 2021                                                
 Jun. 30 2021  2.00        2.00       2.18      Beat    8.8​
 Mar. 31 2021  1.90        1.89       2.03      Beat    7.1
 Dec. 31 2020  2.14        2.13       2.30      Beat    8.1
 This summary was machine generated January 31 at 21:10 GMT.  All
figures in US dollars  unless otherwise stated