Synaptics (NAS: SYNA) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q3), Synaptics beat expectations on revenues and crushed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded significantly. Non-GAAP earnings per share grew significantly. GAAP earnings per share grew significantly.
Margins expanded across the board.
Synaptics recorded revenue of $163.3 million. The 13 analysts polled by S&P Capital IQ predicted revenue of $145.6 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $131.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.79. The 13 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share. Non-GAAP EPS of $0.79 for Q3 were 55% higher than the prior-year quarter's $0.51 per share. GAAP EPS of $1.07 for Q3 were 224% higher than the prior-year quarter's $0.33 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.6%, 240 basis points better than the prior-year quarter. Operating margin was 14.6%, 340 basis points better than the prior-year quarter. Net margin was 22.3%, much better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $158.7 million. On the bottom line, the average EPS estimate is $0.65.
Next year's average estimate for revenue is $574.4 million. The average EPS estimate is $2.13.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 742 members out of 778 rating the stock outperform, and 36 members rating it underperform. Among 153 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 147 give Synaptics a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Synaptics is outperform, with an average price target of $41.91.
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The article Synaptics Crushes Earnings Estimates originally appeared on Fool.com.
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