|Bid||68.85 x 1300|
|Ask||68.86 x 1000|
|Day's Range||67.46 - 69.00|
|52 Week Range||47.04 - 91.63|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||24.09|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Here is a sneak peek on how five notable semiconductor stocks, including ON Semi (ON), Cirrus Logic (CRUS), and Skyworks (SWKS), are poised ahead of their upcoming quarterly results scheduled for Nov 2.
Cirrus Logic (NASDAQ: CRUS) announces its next round of earnings this Monday, November 02. Here is Benzinga's look at Cirrus Logic's Q2 earnings report.What Are Earnings, Net Income, And Earnings Per Share? Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS.Earnings And Revenue Analysts expect Cirrus Logic earnings of $0.89 per share. Revenue will likely be around $310.18 million, according to the consensus estimate. In the same quarter last year, Cirrus Logic reported earnings per share of $1.55 on revenue of $388.91 million.What Are Analyst Estimates And Earnings Surprises, And Why Do They Matter? Wall Street analysts who study this company will publish analyst estimates of revenue and EPS. The averages of all analyst EPS and revenue estimates are called the "consensus estimates"; these consensus estimates can have a significant effect on a company's performance during an earnings release. When a company posts earnings or revenue above or below a consensus estimate, it has posted an "earnings surprise", which can really move a stock depending on the difference between actual and estimated values.View more earnings on CRUSIf the company were to post earnings in line with the consensus estimate when it reports Monday, EPS would be down 42.58%. Sales would be down 20.24% from the same quarter last year. Here is how the company's reported EPS has stacked up against analyst estimates in the past:Quarter Q1 2020 Q4 2020 Q3 2020 Q2 2019 EPS Estimate 0.30 0.49 1.13 0.94 EPS Actual 0.53 0.68 1.41 1.55 Revenue Estimate 225.18 M 259.91 M 345.71 M 320.98 M Revenue Actual 242.57 M 279.29 M 374.67 M 388.91 M Stock Performance Over the last 52-week period, shares of Cirrus Logic are up 0.53%.Do not 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.See more from Benzinga * Click here for options trades from Benzinga * Jazz Pharmaceuticals's Earnings: A Preview * Preview: SBA Communications's Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Cirrus Logic's (NASDAQ: CRUS) fortunes are largely dependent on Apple (NASDAQ: AAPL), as the manufacturer of audio codecs gets more than 80% of its revenue by selling its components to the smartphone giant. Apple says its decision to exclude the EarPods and the power adapter from all four of its iPhone 12 models is based on environmental reasons. New buyers entering the Apple smartphone ecosystem may find themselves short-changed, as the pricing of the new smartphones hasn't dropped because of the exclusion.