Synaptics Inc reports results for the quarter ended September 30 - Earnings Summary

Synaptics Incorporated

08/11/2024 21:03

* Synaptics Inc  SYNA.OQ  reported quarterly adjusted
earnings of
81 cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 52 cents.  The mean expectation of nine analysts for the
quarter was for earnings of 75 cents per share. Wall Street
expected results to range from 73 cents to 75 cents per share.
    * Revenue rose 8.4% to $257.70 million from a year ago;
analysts
expected $255.22 million. 
    * Synaptics Inc's reported EPS for the quarter was a loss
of 58
cents​.
    * The company reported a quarterly loss of $23.1 million.
    * Synaptics Inc shares had fallen by 3.8% this quarter and
lost 34.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is also "buy"

Wall Street's median 12-month price target for Synaptics Inc is
93.50 
This summary was machine generated from LSEG data November 8 at
09:02 p.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.75           0.81           Beat
 Jun. 30 2024      0.55           0.64           Beat
 Mar. 31 2024      0.49           0.53           Beat
 Dec. 31 2023      0.45           0.57           Beat