Synchronoss Technologies Inc expected to post earnings of 4cents a share - Earnings Preview

Synchronoss Technologies

05/11/2022 03:13

* Synchronoss Technologies Inc  SNCR.OQ   SNCR.O  is
expected
to show a fall in quarterly revenue when it reports  results on
November 8. 
    * The Bridgewater New Jersey-based  company is expected to
report 
a 9.7% decrease in revenue to $62.98 million from $69.75 million
a year ago, according to the mean estimate from 4 analysts,
based on Refinitiv data. The company's guidance on August 9
2022, for the period ended September 30, was for revenue between
$63.93 million and $65.24 million.
    * ​Refinitiv's mean analyst estimate for Synchronoss
Technologies
Inc is for earnings of 4 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 $4​, above​ its last closing price of $1.05.
​​​

The company's guidance on August 9 2022 for the period ended
September 30 was for Earnings before Interest, Taxes,
Depreciation and Amortization of between USD63.93128 million and
USD14.206 million.
Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  0.03        0.03       0.10      Beat    263.6
 Mar. 31 2022  0.03        0.03       0.02      Missed  -20.8
 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.        -0.27       -0.22      -0.27     Missed  -20.9
 30 2021                                                
 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
 This summary was machine generated November 5 at 03:12 GMT.  All
figures in US dollars  unless otherwise stated