Synaptics Inc reports results for the quarter ended in December - Earnings Summary

Synaptics Incorporated

02/02/2023 22:53

* Synaptics Inc  SYNA.OQ  reported quarterly adjusted
earnings of
$2.20​​ per share for the quarter ended in December. The mean
expectation of eleven analysts for the quarter was for earnings
of $2.34 per share.
    * Revenue fell 16% to $353.10 million from a year ago;
analysts
expected $365.38 million. 
    * Synaptics Inc's reported EPS for the quarter was 55
cents​.
    * The mean earnings estimate of analysts had fallen by
about 15.6%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Synaptics Inc shares had risen by 39.6% this quarter.
    * The company reported quarterly net income of $22 million.
    * Wall Street's median 12-month price target for Synaptics
Inc is
$117.50 
    * 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." 

This summary was machine generated from Refinitiv data February
2 at 10:52 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.34           2.20           Missed
 Sep. 30 2022      3.31           3.52           Beat
 Jun. 30 2022      3.67           3.87           Beat
 Mar. 31 2022      3.55           3.75           Beat