We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Synaptics (SYNA) Gains As Market Dips: What You Should Know
Read MoreHide Full Article
Synaptics (SYNA - Free Report) closed at $82.53 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq gained 0.51%.
Heading into today, shares of the maker of touch-screen technology had gained 0.07% over the past month, lagging the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 4% in that time.
Wall Street will be looking for positivity from SYNA as it approaches its next earnings report date. The company is expected to report EPS of $2.14, up 4.9% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $357.29 million, down 7.99% from the prior-year quarter.
SYNA's full-year Zacks Consensus Estimates are calling for earnings of $6.86 per share and revenue of $1.30 billion. These results would represent year-over-year changes of +15.29% and -2.45%, respectively.
Investors might also notice recent changes to analyst estimates for SYNA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. SYNA is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note SYNA's current valuation metrics, including its Forward P/E ratio of 11.87. Its industry sports an average Forward P/E of 29.09, so we one might conclude that SYNA is trading at a discount comparatively.
It is also worth noting that SYNA currently has a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Synaptics (SYNA) Gains As Market Dips: What You Should Know
Synaptics (SYNA - Free Report) closed at $82.53 in the latest trading session, marking a +1.39% move from the prior day. This change outpaced the S&P 500's 0.21% loss on the day. At the same time, the Dow lost 0.67%, and the tech-heavy Nasdaq gained 0.51%.
Heading into today, shares of the maker of touch-screen technology had gained 0.07% over the past month, lagging the Computer and Technology sector's gain of 6.68% and the S&P 500's gain of 4% in that time.
Wall Street will be looking for positivity from SYNA as it approaches its next earnings report date. The company is expected to report EPS of $2.14, up 4.9% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $357.29 million, down 7.99% from the prior-year quarter.
SYNA's full-year Zacks Consensus Estimates are calling for earnings of $6.86 per share and revenue of $1.30 billion. These results would represent year-over-year changes of +15.29% and -2.45%, respectively.
Investors might also notice recent changes to analyst estimates for SYNA. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.5% higher within the past month. SYNA is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note SYNA's current valuation metrics, including its Forward P/E ratio of 11.87. Its industry sports an average Forward P/E of 29.09, so we one might conclude that SYNA is trading at a discount comparatively.
It is also worth noting that SYNA currently has a PEG ratio of 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 86, putting it in the top 34% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.