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

Synaptics Incorporated

03/05/2023 23:32

* Synaptics Inc  SYNA.OQ  reported quarterly adjusted
earnings of
$1.89​​ per share for the quarter ended in March. The mean
expectation of eleven analysts for the quarter was for earnings
of $1.86 per share.
    * Revenue fell 30.5% to $326.60 million from a year ago;
analysts
expected $325.47 million. 
    * Synaptics Inc's reported EPS for the quarter was 26
cents​.
    * The mean earnings estimate of analysts had fallen by
about 7.3%
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 fallen by 19.7% this quarter and
lost 6.2% so far this year.
    * The company reported quarterly net income of $10.4
million.
    * Wall Street's median 12-month price target for Synaptics
Inc is
$150.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
3 at 10:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      1.86           1.89           Beat
 Dec. 31 2022      2.34           2.20           Missed
 Sep. 30 2022      3.31           3.52           Beat
 Jun. 30 2022      3.67           3.87           Beat