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

Synchronoss Technologies

09/08/2022 23:03

* Synchronoss Technologies Inc  SNCR.OQ  reported quarterly
adjusted earnings of 10 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 3 cents per share.
    * Revenue fell 8.8% to $65.24 million from a year ago;
analysts
expected $66.30 million. 
    * Synchronoss Technologies Inc's reported EPS for the
quarter was
6 cents​.
    * The mean earnings estimate of analysts had fallen by
about 14.7%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Synchronoss Technologies Inc shares had risen by 54.3%
this
quarter and lost 27.3% so far this year.
    * The company reported quarterly net income of $5.33
million.
    * Wall Street's median 12-month price target for Synchronoss
Technologies Inc is $4.88 
    * 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." 

This summary was machine generated from Refinitiv data August 9
at 10:03 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.03           0.10           Beat
 Mar. 31 2022      0.03           0.02           Missed
 Dec. 31 2021      0.01           0.06           Beat
 Sep. 30 2021      -0.03          0.09           Beat