Synchronoss Technologies Inc expected to post a loss of 22 cents a share - Earnings Preview

Synchronoss Technologies

06/08/2021 23:02

* Synchronoss Technologies Inc  SNCR.OQ   SNCR.O  is expected
to show a fall in quarterly revenue when it reports results on
August 9. 
* The Bridgewater, New Jersey-based company is expected to
report   a 12.8% decrease in revenue to $66.742 million from
$76.54 million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
​* Refinitiv's mean analyst estimate for Synchronoss
Technologies Inc is for a loss of 22 cents per share. For the
same quarter last year, the company reported earnings of 16
cents per share.
* The current average analyst rating on the shares is "buy" and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "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 Synchronoss
Technologies Inc is $6.5​, about 55.2% above​ its last closing
price of $2.91. ​​​
* Previous quarterly performance (using preferred earnings
measure in US dollars). ​
 QUARTER       STARMINE    REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        SMARTESTIM  IBES                 MET,    SE %
               ATE®        ESTIMATE             MISSED  
 Mar. 31 2021  -0.13       -0.14      -0.33     Missed  -127.6
 Dec. 31 2020  -0.16       -0.20      -0.19     Beat    6.6
 Sep. 30 2020  -0.24       -0.25      0.04      Beat    116​
 Jun. 30 2020  -0.22       -0.21      0.16      Beat    174.4
 Mar.          -0.44​      -0.42      0.06      Beat    114.3​
 31​ 2020​                                              
 Dec. 31 2019  -0.44       -0.42      -0.06     Beat    85.8​
 Sep. 30 2019  -0.38       -0.40      -0.62     Missed  -55
 Jun. 30 2019  -0.46       -0.47      -0.28     Beat    40.4
 This summary was machine generated August 6 at 22:02 GMT.  All
figures in US dollars unless otherwise stated