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

Synchronoss Technologies

08/08/2023 23:34

* Synchronoss Technologies Inc  SNCR.OQ  reported a
quarterly
adjusted loss of 3 cents​​ per share for the quarter ended in
June. The mean expectation of three analysts for the quarter was
for a loss of 3 cents per share.
    * Revenue fell 8.5% to $59.71 million from a year ago;
analysts
expected $59.74 million. 
    * Synchronoss Technologies Inc's reported EPS for the
quarter was
a loss of 13 cents​.
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Synchronoss Technologies Inc shares had risen by 3.3% this
quarter and gained 55.3% so far this year.
    * The company reported a quarterly loss of $10.98 million.
    * Wall Street's median 12-month price target for Synchronoss
Technologies Inc is $3.50 
    * 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." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 10:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.03          -0.03          Met
 Mar. 31 2023      -0.02          -0.08          Missed
 Dec. 31 2022      0.06           -0.08          Missed
 Sep. 30 2022      0.04           0.04           Met