Synchronoss Technologies Inc reports results for the quarter ended in December - Earnings Summary

Synchronoss Technologies

12/03/2024 21:01

* Synchronoss Technologies Inc  SNCR.OQ  reported a
quarterly
adjusted loss of 85 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of -72 cents.  The mean expectation of
three analysts for the quarter was for a loss of 10 cents per
share. Wall Street expected results to range from -27 cents to 6
cents per share.
    * Revenue fell 32.8% to $41.40 million from a year ago;
analysts
expected $42.84 million. 
    * Synchronoss Technologies Inc's reported EPS for the
quarter was
a loss of $3.56​.
    * The company reported a quarterly loss of $35 million.
    * Synchronoss Technologies Inc shares had risen by 82.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 16.7%
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 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the it services &
consulting peer group is also "buy"

Wall Street's median 12-month price target for Synchronoss
Technologies Inc is $20.00 
This summary was machine generated from LSEG data March 12 at
09:01 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
 Dec. 31 2023      -0.10          -0.85          Missed
 Sep. 30 2023      -0.04          0.45           Beat
 Jun. 30 2023      -0.27          -0.27          Met
 Mar. 31 2023      -0.18          -0.72          Missed