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

Synchronoss Technologies

10/05/2023 12:18

* Synchronoss Technologies Inc  SNCR.OQ  reported a
quarterly
adjusted loss of 8 cents​​ per share for the quarter ended in
March. The mean expectation of four analysts for the quarter was
for a loss of 2 cents per share.
    * Revenue fell 12.4% to $57.71 million from a year ago;
analysts
expected $58.86 million. 
    * Synchronoss Technologies Inc's reported EPS for the
quarter was
a loss of 15 cents​.
    * The mean earnings estimate of analysts had fallen by
about 200%
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 fallen by 7.9%
this
quarter and gained 40.1% so far this year.
    * The company reported a quarterly loss of $13.39 million.
    * Wall Street's median 12-month price target for Synchronoss
Technologies Inc is $2.75 
    * 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 LSEG Refinitiv data May
10 at 11:18 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -0.02          -0.08          Missed
 Dec. 31 2022      0.06           -0.08          Missed
 Sep. 30 2022      0.04           0.04           Met
 Jun. 30 2022      0.03           0.10           Beat