Synaptics Inc expected to post earnings of 75 cents a share - Earnings Preview

Synaptics Incorporated

06/11/2024 14:34

* Synaptics Inc  SYNA.OQ   SYNA.O  is expected to show a
rise in
quarterly revenue when it reports  results on November 7 for the
period ending September 30 2024
    * The San Jose California-based  company is expected to
report a
7.4% increase in revenue to $255.219 million from $237.7 million
a year ago, according to the mean estimate from 9 analysts,
based on LSEG data.The company's guidance on August 8 2024, for
the period ended September 30, was for revenue between $240.00
million and $270.00 million.
    * ​LSEG's mean analyst estimate for Synaptics Inc is for
earnings
of 75 cents per share. The company's EPS guidance on August 8
2024, for the period ended September 30, was between $0.55 and
$0.95 
    * 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
95.00​, above​ its last closing price of $69.26. ​​​

The company's guidance on August 8 2024 for the period ended
September 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  
 Jun. 30 2024  0.55        0.55       0.64      Beat    16.8
 Mar. 31 2024  0.49        0.49       0.53      Beat    7.5
 Dec. 31 2023  0.45        0.45       0.57      Beat    28.1​
 Sep. 30 2023  0.42        0.40       0.52      Beat    29.8
 ​​Jun.        0.45        0.43       0.49      Beat    13.3
 30 2023                                                
 Jan. 1 0001   1.85        1.86       1.89      Beat    1.8​
 Jan. 1 0001   2.34        2.34       2.20      Missed  -5.9
 Sep. 30 2022  3.32        3.31       3.52      Beat    6.4
 This summary was machine generated November 6 at 14:33 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)