The 10-second takeaway
For the quarter ended June 30 (Q4), Synaptics met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped and GAAP earnings per share dropped.
Gross margins increased, operating margins dropped, net margins contracted.
Synaptics notched revenue of $137.6 million. The 14 analysts polled by S&P Capital IQ expected revenue of $136.7 million on the same basis. GAAP reported sales were 4.0% lower than the prior-year quarter's $143.4 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.54. The 14 earnings estimates compiled by S&P Capital IQ forecast $0.52 per share. GAAP EPS of $0.36 for Q4 were 10% lower than the prior-year quarter's $0.40 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 46.1%, 380 basis points better than the prior-year quarter. Operating margin was 11.2%, 20 basis points worse than the prior-year quarter. Net margin was 8.9%, 80 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $142.3 million. On the bottom line, the average EPS estimate is $0.57.
Next year's average estimate for revenue is $587.2 million. The average EPS estimate is $2.33.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 769 members out of 803 rating the stock outperform, and 34 members rating it underperform. Among 152 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 give Synaptics a green thumbs-up, and nine give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Synaptics is outperform, with an average price target of $36.45.
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