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Insights Into Synopsys (SNPS) Q4: Wall Street Projections for Key Metrics
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The upcoming report from Synopsys (SNPS - Free Report) is expected to reveal quarterly earnings of $2.79 per share, indicating a decline of 17.9% compared to the year-ago period. Analysts forecast revenues of $2.25 billion, representing an increase of 37.6% year over year.
The consensus EPS estimate for the quarter has been revised 5.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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.
Bearing this in mind, let's now explore the average estimates of specific Synopsys metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Maintenance and service' to reach $412.49 million. The estimate indicates a year-over-year change of +47%.
Analysts predict that the 'Revenue- Total products revenue' will reach $1.84 billion. The estimate suggests a change of +35.6% year over year.
The combined assessment of analysts suggests that 'Revenue by segment- Design IP' will likely reach $408.35 million. The estimate indicates a change of -21.1% from the prior-year quarter.
It is projected by analysts that the 'Revenue by segment- Design Automation' will reach $1.84 billion. The estimate points to a change of +64.5% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Upfront products' reaching $669.89 million. The estimate points to a change of +28.6% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Time-based products' will reach $1.13 billion. The estimate points to a change of +35.1% from the year-ago quarter.
Synopsys shares have witnessed a change of +17.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #2 (Buy), SNPS is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Insights Into Synopsys (SNPS) Q4: Wall Street Projections for Key Metrics
The upcoming report from Synopsys (SNPS - Free Report) is expected to reveal quarterly earnings of $2.79 per share, indicating a decline of 17.9% compared to the year-ago period. Analysts forecast revenues of $2.25 billion, representing an increase of 37.6% year over year.
The consensus EPS estimate for the quarter has been revised 5.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
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.
Bearing this in mind, let's now explore the average estimates of specific Synopsys metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Revenue- Maintenance and service' to reach $412.49 million. The estimate indicates a year-over-year change of +47%.
Analysts predict that the 'Revenue- Total products revenue' will reach $1.84 billion. The estimate suggests a change of +35.6% year over year.
The combined assessment of analysts suggests that 'Revenue by segment- Design IP' will likely reach $408.35 million. The estimate indicates a change of -21.1% from the prior-year quarter.
It is projected by analysts that the 'Revenue by segment- Design Automation' will reach $1.84 billion. The estimate points to a change of +64.5% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Upfront products' reaching $669.89 million. The estimate points to a change of +28.6% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Time-based products' will reach $1.13 billion. The estimate points to a change of +35.1% from the year-ago quarter.
View all Key Company Metrics for Synopsys here>>>Synopsys shares have witnessed a change of +17.1% in the past month, in contrast to the Zacks S&P 500 composite's +1.3% move. With a Zacks Rank #2 (Buy), SNPS is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .