Synaptics (Nasdaq: SYNA) is expected to report Q2 earnings on Jan. 24. 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 contract -5.0% and EPS will decrease -32.4%.
The average estimate for revenue is $138.2 million. On the bottom line, the average EPS estimate is $0.46.
Revenue details
Last quarter, Synaptics chalked up revenue of $127.0 million. 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 details
Last quarter, non-GAAP EPS came in at $0.37. 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.
Recent performance
For the preceding quarter, gross margin was 47.7%, 180 basis points better than the prior-year quarter. Operating margin was 6.9%, 530 basis points worse than the prior-year quarter. Net margin was 4.8%, 500 basis points worse than the prior-year quarter.
Looking ahead
The full year's average estimate for revenue is $544.7 million. The average EPS estimate is $1.73.
Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 752 members out of 787 rating the stock outperform, and 35 members rating it underperform. Among 174 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 167 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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