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.
Cirrus Logic (CRUS) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Cirrus Logic (CRUS - Free Report) closed at $88.07 in the latest trading session, marking a +1.98% move from the prior day. This change outpaced the S&P 500's 1.23% gain on the day. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Heading into today, shares of the chipmaker had lost 0.59% over the past month, lagging the Computer and Technology sector's gain of 3.63% and the S&P 500's gain of 4.69% in that time.
Cirrus Logic will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.41, up 113.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $420.4 million, up 43.22% from the year-ago period.
CRUS's full-year Zacks Consensus Estimates are calling for earnings of $6.31 per share and revenue of $1.71 billion. These results would represent year-over-year changes of +37.77% and +25.01%, respectively.
Investors should also note any recent changes to analyst estimates for Cirrus Logic. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cirrus Logic currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Cirrus Logic has a Forward P/E ratio of 13.69 right now. This valuation marks a discount compared to its industry's average Forward P/E of 21.15.
Also, we should mention that CRUS has a PEG ratio of 1.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CRUS's industry had an average PEG ratio of 1.3 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cirrus Logic (CRUS) Outpaces Stock Market Gains: What You Should Know
Cirrus Logic (CRUS - Free Report) closed at $88.07 in the latest trading session, marking a +1.98% move from the prior day. This change outpaced the S&P 500's 1.23% gain on the day. At the same time, the Dow added 0.97%, and the tech-heavy Nasdaq gained 0.44%.
Heading into today, shares of the chipmaker had lost 0.59% over the past month, lagging the Computer and Technology sector's gain of 3.63% and the S&P 500's gain of 4.69% in that time.
Cirrus Logic will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.41, up 113.64% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $420.4 million, up 43.22% from the year-ago period.
CRUS's full-year Zacks Consensus Estimates are calling for earnings of $6.31 per share and revenue of $1.71 billion. These results would represent year-over-year changes of +37.77% and +25.01%, respectively.
Investors should also note any recent changes to analyst estimates for Cirrus Logic. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Cirrus Logic currently has a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Cirrus Logic has a Forward P/E ratio of 13.69 right now. This valuation marks a discount compared to its industry's average Forward P/E of 21.15.
Also, we should mention that CRUS has a PEG ratio of 1.37. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. CRUS's industry had an average PEG ratio of 1.3 as of yesterday's close.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 80, which puts it in the top 32% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.