Synaptics Inc expected to post earnings of 49 cents a share - Earnings Preview

Synaptics Incorporated

08/05/2024 03:03

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
fall in
quarterly revenue when it reports  results on May 9 for the
period ending March 31 2024
    * The San Jose California-based  company is expected to
report a
28.0% decrease in revenue to $235.17 million from $326.6 million
a year ago, according to the mean estimate from 10 analysts,
based on LSEG data.The company's guidance on February 8 2024,
for the period ended March 31, was for revenue between $220.00
million and $250.00 million.
    * ​LSEG's mean analyst estimate for Synaptics Inc is for
earnings
of 49 cents per share. The company's EPS guidance on February 8
2024, for the period ended March 31, was between $0.35 and
$0.65 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 4
"hold" and 1 "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
$130.00​, above​ its last closing price of $91.47. ​​​

The company's guidance on February 8 2024 for the period ended
March 31 was for gross profit margin between USD52% and USD54%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.45        0.45       0.57      Beat    28.1
 Sep. 30 0001  0.42        0.40       0.52      Beat    29.8
 Jan. 1 0001   0.45        0.43       0.49      Beat    13.3​
 Mar. 31 2023  1.85        1.86       1.89      Beat    1.8
 ​​Jan.        2.34        2.34       2.20      Missed  -5.9
 1 0001                                                 
 Jan. 1 0001   3.32        3.31       3.52      Beat    6.4​
 Jan. 1 0001   3.67        3.67       3.87      Beat    5.4
 Jan. 1 0001   3.55        3.55       3.75      Beat    5.6
 This summary was machine generated May 8 at 02:03 GMT.  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)