Synchronoss Technologies Inc reports results for the quarter ended September 30 - Earnings Summary

Synchronoss Technologies

13/11/2024 14:21

* Synchronoss Technologies Inc  SNCR.OQ  reported a
quarterly
adjusted loss of 26 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of 45 cents.  The mean expectation of
three analysts for the quarter was for earnings of 32 cents per
share. Wall Street expected results to range from 13 cents to 47
cents per share.
    * Revenue fell 22.8% to $42.96 million from a year ago;
analysts
expected $43.29 million. 
    * Synchronoss Technologies Inc's reported EPS for the
quarter was
a loss of 56 cents​.
    * The company reported a quarterly loss of $5.7 million.
    * Synchronoss Technologies Inc shares had fallen by 25.6%
this
quarter and gained 78.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 November 13 at
02:20 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
 Sep. 30 2024      0.32           -0.26          Missed
 Jun. 30 2024      0.07           0.48           Beat
 Mar. 31 2024      -0.50          0.44           Beat
 Dec. 31 2023      -0.10          -0.85          Missed