Earnings Outlook For Cirrus Logic

Benzinga Insights
·2 mins read

Cirrus Logic (NASDAQ: CRUS) announces its next round of earnings this Monday, August 03. Here is Benzinga's everything-that-matters guide for this Monday's Q1 earnings announcement.

Earnings and Revenue

Analysts predict Cirrus Logic will report earnings of $0.3 per share on revenue of $225.18 million. Cirrus Logic earnings in the same period a year ago was $0.350 per share. Quarterly sales came in at $238.25 million. If the company were to match the consensus estimate when it reports Monday, EPS would have fallen 14.29%. Sales would be down 13.36% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter

Q4 2020

Q3 2020

Q2 2019

Q1 2019

EPS Estimate

0.49

1.13

0.94

0.15

EPS Actual

0.68

1.41

1.55

0.35

Revenue Estimate

259.91 M

345.71 M

320.98 M

221.11 M

Revenue Actual

279.29 M

374.67 M

388.91 M

238.25 M

Stock Performance

Over the last 52-week period, shares are up 31.0%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

View more earnings on CRUS

Don't be surprised to see the stock move on comments made during its conference call. Cirrus Logic is scheduled to hold the call at 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.cirrus.com%2Fhome%2Fdefault.aspx&eventid=2403577&sessionid=1&key=342938EF29A856F48E9A09D6850B7188&regTag=&sourcepage=register

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.