Synchronoss Technologies Inc expected to post a loss of 3 cents a share - Earnings Preview

Synchronoss Technologies

05/08/2023 03:15

* Synchronoss Technologies Inc  SNCR.OQ   SNCR.O  is
expected
to show a fall in quarterly revenue when it reports  results on
August 8. 
    * The Bridgewater New Jersey-based  company is expected to
report 
a 8.4% decrease in revenue to $59.736 million from $65.24
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Synchronoss
Technologies
Inc is for a loss of 3 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"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 $3.5​, above​ its last closing price
of $0.98. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  -0.02       -0.02      -0.08     Missed  -300
 Dec. 31 2023  0.09        0.06       -0.08     Missed  -227
 Sep. 30 2022  0.09        0.04       0.04      Met     14.3​
 Jun. 30 2022  0.03        0.03       0.10      Beat    263.6
 ​​Mar.        0.03        0.03       0.02      Missed  -20.8
 31 2022                                                
 Dec. 31 2021  -0.01       0.01       0.06      Beat    350.1​
 Sep. 30 2021  -0.03       -0.03      0.09      Beat    406.9
 Jun. 30 2021  -0.27       -0.22      -0.27     Missed  -20.9
 This summary was machine generated August 5 at 02:15 GMT.  All
figures in US dollars  unless otherwise stated