We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
Synopsys (SNPS) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Read MoreHide Full Article
In its upcoming report, Synopsys (SNPS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.57 per share, reflecting an increase of 17.8% compared to the same period last year. Revenues are forecasted to be $2.39 billion, representing a year-over-year increase of 64.3%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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 predict that the 'Revenue- Maintenance and service' will reach $660.32 million. The estimate points to a change of +155% from the year-ago quarter.
The consensus estimate for 'Revenue- Total products revenue' stands at $1.73 billion. The estimate indicates a change of +44.9% from the prior-year quarter.
Analysts expect 'Revenue by segment- Design IP' to come in at $420.17 million. The estimate indicates a change of -3.4% from the prior-year quarter.
The consensus among analysts is that 'Revenue by segment- Design Automation' will reach $1.76 billion. The estimate points to a change of +72.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Upfront products' of $601.00 million. The estimate points to a change of +63.3% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Time-based products' at $1.10 billion. The estimate points to a change of +33.2% from the year-ago quarter.
Shares of Synopsys have experienced a change of -13.2% in the past month compared to the -0.8% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SNPS is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
Synopsys (SNPS) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
In its upcoming report, Synopsys (SNPS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $3.57 per share, reflecting an increase of 17.8% compared to the same period last year. Revenues are forecasted to be $2.39 billion, representing a year-over-year increase of 64.3%.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
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 predict that the 'Revenue- Maintenance and service' will reach $660.32 million. The estimate points to a change of +155% from the year-ago quarter.
The consensus estimate for 'Revenue- Total products revenue' stands at $1.73 billion. The estimate indicates a change of +44.9% from the prior-year quarter.
Analysts expect 'Revenue by segment- Design IP' to come in at $420.17 million. The estimate indicates a change of -3.4% from the prior-year quarter.
The consensus among analysts is that 'Revenue by segment- Design Automation' will reach $1.76 billion. The estimate points to a change of +72.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Upfront products' of $601.00 million. The estimate points to a change of +63.3% from the year-ago quarter.
The average prediction of analysts places 'Revenue- Time-based products' at $1.10 billion. The estimate points to a change of +33.2% from the year-ago quarter.
View all Key Company Metrics for Synopsys here>>>Shares of Synopsys have experienced a change of -13.2% in the past month compared to the -0.8% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), SNPS is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .