Synaptics Inc expected to post earnings of 55 cents a share - Earnings Preview

Synaptics Incorporated

07/08/2024 03:53

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
rise in
quarterly revenue when it reports  results on August 8 for the
period ending January 1 0001
    * The San Jose California-based  company is expected to
report a
7.9% increase in revenue to $245.167 million from $227.3 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.The company's guidance on May 9 2024, for the
period ended June 30, was for revenue between $230.00 million
and $260.00 million.
    * ​LSEG's mean analyst estimate for Synaptics Inc is for
earnings
of 55 cents per share. The company's EPS guidance on May 9 2024,
for the period ended June 30, was between $0.35 and $0.75 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 3
"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
$119.50​, above​ its last closing price of $71.96. ​​​

The company's guidance on May 9 2024 for the period ended June
30 was for gross profit margin between USD52.5% and USD54.5%.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Mar. 31 2024  0.49        0.49       0.53      Beat    7.5
 Dec. 31 2024  0.45        0.45       0.57      Beat    28.1
 Sep. 30 2023  0.42        0.40       0.52      Beat    29.8​
 Jun. 30 2023  0.45        0.43       0.49      Beat    13.3
 ​​Mar.        1.85        1.86       1.89      Beat    1.8
 31 2023                                                
 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
 This summary was machine generated August 7 at 02:53 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)