Cirrus Logic Earnings Preview
Investors are braced for a bumpy ride ahead of Cirrus Logic's (NAS: CRUS) earnings announcement as the company has wavered between beating and falling short of analyst predictions during the past fiscal year. The company will unveil its latest earnings Wednesday. Cirrus Logic develops high-precision, analog, and mixed-signal integrated circuits for audio and energy markets.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Cirrus Logic, with three of five rating it a buy and the remainder rating it a hold. Analysts like Cirrus Logic better than competitor Intersil overall. Cirrus Logic's rating hasn't changed over the past three months.
- Revenue Forecasts: On average, analysts predict $102.7 million in revenue this quarter. That would represent a rise of 2% from the year-ago quarter.
- Wall Street Earnings Expectations: The average analyst estimate is earnings of $0.30 per share. Estimates range from $0.28 to $0.31.
What our community says:
CAPS All-Stars are solidly backing the stock with 95.2% giving it an "outperform" rating. The community at large agrees with the All-Stars with 96.9% awarding it a rating of "outperform." Fools are gung-ho about Cirrus Logic and haven't been shy with their opinions lately, logging 191 posts in the past 30 days. Even with a robust four out of five stars, Cirrus Logic's CAPS rating falls a little short of the community's upbeat outlook.
Cirrus Logic's profit has risen year over year by an average of more than threefold over the past five quarters. The company's gross margin shrank by 5.3 percentage points in the last quarter. Revenue rose 12.6% while cost of sales rose 26.6% to $44.5 million from a year earlier.
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At the time this article was published
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