Synchronoss Technologies Earnings Preview
Synchronoss Technologies (NAS: SNCR) met its estimates last quarter, but investors hope that it will beat them this quarter. The company will unveil its latest earnings on Tuesday, Feb. 7. Synchronoss Technologies is a provider of multi-channel transaction management solutions to the communications services and digital content marketplaces.
What analysts say:
- Buy, sell, or hold?: Analysts strongly back Synchronoss Technologies, with nine of 10 rating it a buy and the remainder rating it a hold. Analysts like Synchronoss Technologies better than competitor AsiaInfo-Linkage overall. Analysts' rating of Synchronoss Technologies has stayed constant from three months prior.
- Revenue forecasts: On average, analysts predict $61.5 million in revenue this quarter. That would represent a rise of 20.2% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.14 per share. Estimates range from $0.12 to $0.16.
What our community says:
CAPS All-Stars are enthusiastically backing the stock, with 98.5% awarding it an "outperform" rating. The community at large is in line with the All-Stars, with 94.5% giving it a rating of "outperform." Fools are gung-ho about Synchronoss Technologies and haven't been shy with their opinions lately, logging 179 posts in the past 30 days. Even with a robust four out of five stars, Synchronoss Technologies' CAPS rating falls a little short of the community's upbeat outlook.
The company increased its gross margin by 4.8 percentage points in the last quarter. Revenue rose 33.3% while cost of sales rose 20.9% to $27.8 million from a year earlier.
One final thing: If you want to keep tabs on Synchronoss Technologies movements, and for more analysis on the company, make sure you add it to your Watchlist.
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At the time this article was published
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