Synaptics (SYNA) got here out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.86 per share. This compares to earnings of $0.57 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.
This quarterly report represents an earnings shock of 6.98%. 1 / 4 in the past, it was anticipated that this maker of touch-screen expertise would publish earnings of $0.75 per share when it truly produced earnings of $0.81, delivering a shock of 8%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.
Synaptics
The sustainability of the inventory’s quick worth motion based mostly on the recently-released numbers and future earnings expectations will principally rely upon administration’s commentary on the earnings name.
Synaptics shares have misplaced about 0.5% for the reason that starting of the 12 months versus the S&P 500’s acquire of three.1%.
What’s Subsequent for Synaptics?
Whereas Synaptics has underperformed the market thus far this 12 months, the query that involves traders’ minds is: what’s subsequent for the inventory?
There aren’t any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and traits in earnings estimate revisions. Buyers can observe such revisions by themselves or depend on a tried-and-tested score instrument just like the Zacks Rank, which has a powerful observe document of harnessing the ability of earnings estimate revisions.
Forward of this earnings release, the estimate revisions development for Synaptics: favorable. Whereas the magnitude and route of estimate revisions might change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You possibly can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal 12 months change within the days forward. The present consensus EPS estimate is $0.71 on $254.31 million in revenues for the approaching quarter and $3.27 on $1.04 billion in revenues for the present fiscal 12 months.
Buyers needs to be aware of the truth that the outlook for the trade can have a fabric impression on the efficiency of the inventory as properly. By way of the Zacks Business Rank, Electronics – Semiconductors is presently within the high 32% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
One other inventory from the identical trade, Marvell Know-how (MRVL), has but to report outcomes for the quarter ended January 2025. The outcomes are anticipated to be launched on March 5.
This chipmaker is predicted to publish quarterly earnings of $0.59 per share in its upcoming report, which represents a year-over-year change of +28.3%. The consensus EPS estimate for the quarter has remained unchanged during the last 30 days.
Marvell Know-how’s revenues are anticipated to be $1.8 billion, up 26.4% from the year-ago quarter.
Ought to You Spend money on Synaptics Integrated (SYNA)?
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Zacks Funding Analysis has been dedicated to offering traders with instruments and impartial analysis since 1978. For greater than 1 / 4 century, the Zacks Rank stock-rating system has greater than doubled the S&P 500 with a mean acquire of +24.08% per 12 months. (These returns cowl a interval from January 1, 1988 via Might 6, 2024.)
Synaptics Incorporated (SYNA) : Free Stock Analysis Report
Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
