Cirrus Logic Earnings Preview
Cirrus Logic (NAS: CRUS) met its estimates last quarter, but investors hope that it will beat them this quarter. The company will unveil its latest earnings on Wednesday, April 25. Cirrus Logic develops high-precision, analog, and mixed-signal integrated circuits (ICs) for a range of audio and energy markets.
What analysts say:
- Buy, sell, or hold?: Analysts are very bullish on this stock, unanimously backing it as a buy. Analysts like Cirrus Logic better than competitor Intersil overall. Four out of 19 analysts rate Intersil a buy compared to five out of five for Cirrus Logic.
- Revenue forecasts: On average, analysts predict $110 million in revenue this quarter. That would represent a rise of 20.4% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.30 per share. Estimates range from $0.29 to $0.32.
What our community says:
CAPS All-Stars are solidly supporting the stock, with 95.2% assigning it an outperform rating. The community at large is in line with the All-Stars, with 96.3% awarding it a rating of outperform. Over the past month, Fools have logged just four posts on Cirrus Logic. The tone of their comments has generally been bullish. 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 99.3% over the past five quarters. Revenue has now gone up for three straight quarters.
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At the time this article was published