Synaptics Earnings: Here’s Why Investors are Buying Shares Now

Synaptics Inc. (NASDAQ:SYNA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 18.11%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Synaptics Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 54.9% to $0.79 in the quarter versus EPS of $0.51 in the year-earlier quarter.

Revenue: Rose 24% to $163.32 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Synaptics Inc. reported adjusted EPS income of $0.79 per share. By that measure, the company beat the mean analyst estimate of $0.57. It beat the average revenue estimate of $145.79 million.

Quoting Management: “We are extremely pleased to report record revenue during the third quarter,” stated Rick Bergman, President and CEO. “The continued adoption of our solutions by a broad base of key customers is a testament to the strength of our technology leadership and has enabled us to diversify our business through increased penetration of the rapidly growing mobile touchscreen market. As the market leader in capacitive touch solutions, we believe Synaptics is well-positioned to drive long-term, profitable growth.”

Key Stats (on next page)…

Revenue increased 14.18% from $143.04 million in the previous quarter. EPS increased 49.06% from $0.53 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.57 to a profit $0.62. For the current year, the average estimate has moved up from a profit of $1.97 to a profit of $2.09 over the last ninety days.

Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.

(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

More Articles About:   , ,  

More from The Cheat Sheet