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Synopsys (SNPS) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
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Wall Street analysts expect Synopsys (SNPS - Free Report) to post quarterly earnings of $3.84 per share in its upcoming report, which indicates a year-over-year increase of 12%. Revenues are expected to be $1.77 billion, up 15.9% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Synopsys metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Maintenance and service' should arrive at $290.38 million. The estimate suggests a change of +3.7% year over year.
The average prediction of analysts places 'Revenue- Total products revenue' at $1.48 billion. The estimate points to a change of +19% from the year-ago quarter.
The consensus among analysts is that 'Revenue by segment- Design IP' will reach $539.28 million. The estimate suggests a change of +16.5% year over year.
Analysts' assessment points toward 'Revenue by segment- Design Automation' reaching $1.23 billion. The estimate indicates a change of +16.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Upfront products' of $532.56 million. The estimate suggests a change of +20.4% year over year.
Analysts forecast 'Revenue- Time-based products' to reach $945.56 million. The estimate suggests a change of +17.7% year over year.
Over the past month, shares of Synopsys have returned -5.4% versus the Zacks S&P 500 composite's +3.6% change. Currently, SNPS carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Synopsys (SNPS) Q3 Earnings Preview: What You Should Know Beyond the Headline Estimates
Wall Street analysts expect Synopsys (SNPS - Free Report) to post quarterly earnings of $3.84 per share in its upcoming report, which indicates a year-over-year increase of 12%. Revenues are expected to be $1.77 billion, up 15.9% from the year-ago quarter.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Synopsys metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Maintenance and service' should arrive at $290.38 million. The estimate suggests a change of +3.7% year over year.
The average prediction of analysts places 'Revenue- Total products revenue' at $1.48 billion. The estimate points to a change of +19% from the year-ago quarter.
The consensus among analysts is that 'Revenue by segment- Design IP' will reach $539.28 million. The estimate suggests a change of +16.5% year over year.
Analysts' assessment points toward 'Revenue by segment- Design Automation' reaching $1.23 billion. The estimate indicates a change of +16.2% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Upfront products' of $532.56 million. The estimate suggests a change of +20.4% year over year.
Analysts forecast 'Revenue- Time-based products' to reach $945.56 million. The estimate suggests a change of +17.7% year over year.
View all Key Company Metrics for Synopsys here>>>Over the past month, shares of Synopsys have returned -5.4% versus the Zacks S&P 500 composite's +3.6% change. Currently, SNPS carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .