Synaptics (Nasdaq: SYNA ) reported earnings on Oct. 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q1), Synaptics beat expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank and GAAP earnings per share dropped significantly.
Gross margins grew, operating margins dropped, net margins contracted.
Synaptics reported revenue of $127.0 million. The 13 analysts polled by S&P Capital IQ expected sales of $124.0 million on the same basis. GAAP reported sales were 4.8% lower than the prior-year quarter's $133.4 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 $0.37. The 13 earnings estimates compiled by S&P Capital IQ forecast $0.34 per share. GAAP EPS of $0.18 for Q1 were 54% lower than the prior-year quarter's $0.39 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 47.7%, 180 basis points better than the prior-year quarter. Operating margin was 6.8%, 540 basis points worse than the prior-year quarter. Net margin was 4.8%, 500 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $136.9 million. On the bottom line, the average EPS estimate is $0.45.
Next year's average estimate for revenue is $542.8 million. The average EPS estimate is $1.72.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 758 members out of 791 rating the stock outperform, and 33 members rating it underperform. Among 149 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 142 give Synaptics a green thumbs-up, and seven 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 $31.06.
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