Synaptics Inc expected to post earnings of 43  cents a share - Earnings Preview

Synaptics Incorporated

02/08/2023 03:05

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
fall in
quarterly revenue when it reports  results on August 3. 
    * The San Jose California-based  company is expected to
report  a
53.1% decrease in revenue to $223.23 million from $476.4 million
a year ago, according to the mean estimate from 10 analysts,
based on Refinitiv data. The company's guidance on May 3 2023,
for the period ended June 30, was for revenue between $210.00
million and $240.00 million.
    * ​Refinitiv's mean analyst estimate for Synaptics Inc is
for
earnings of 43 cents per share. The company's EPS guidance on
May 3 2023, for the period ended June 30, was between $0.25 and
$0.65 
    * 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
$100​, above​ its last closing price of $92.80. ​​​

The company's guidance on May 3 2023 for the period ended June
30 was for gross profit margin between USD56% and USD58%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.85        1.86       1.89      Beat    1.8
 Dec. 31 2023  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.        3.55        3.55       3.75      Beat    5.6
 31 2022                                                
 Dec. 31 2021  3.11        3.10       3.26      Beat    5​
 Sep. 30 2021  2.58        2.59       2.68      Beat    3.6
 Jun. 30 2021  2.00        2.00       2.18      Beat    8.8
 This summary was machine generated August 2 at 02:05 GMT.  All
figures in US dollars  unless otherwise stated