Synaptics (Nasdaq: SYNA ) is expected to report Q3 earnings on April 25. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Synaptics's revenues will grow 10.7% and EPS will grow 11.8%.
The average estimate for revenue is $145.8 million. On the bottom line, the average EPS estimate is $0.57.
Last quarter, Synaptics booked revenue of $143.0 million. GAAP reported sales were 1.7% lower than the prior-year quarter's $145.5 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, non-GAAP EPS came in at $0.53. GAAP EPS of $0.33 for Q2 were 35% lower than the prior-year quarter's $0.51 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 48.3%, 110 basis points better than the prior-year quarter. Operating margin was 10.8%, 370 basis points worse than the prior-year quarter. Net margin was 7.8%, 410 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $574.1 million. The average EPS estimate is $2.09.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 741 members out of 778 rating the stock outperform, and 37 members rating it underperform. Among 150 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 143 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 $29.75.
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