Cirrus Logic's Q3 Earnings Preview

Cirrus Logic CRUS releases its next round of earnings Monday. Here's Benzinga's essential guide to Cirrus Logic's Q3 earnings report.

Earnings and Revenue

Cirrus Logic EPS will likely be near $1.78 while revenue will be around $529.3 million, according to analysts.

In the same quarter last year, Cirrus Logic reported EPS of $1.87 on revenue of $523 million. If the company were to report inline earnings when it publishes results Monday, quarterly sales would be up 1.21 percent from the same quarter last year. Here's how the company's reported EPS has compared to analyst estimates in the past:

Q3 EPS Estimate: $1.78
Q3 Revenues Estimate: $529 million

Stock Performance

As of Feb. 5, Cirrus Logic's share price was $46.75. Over the last 52-week period, shares are down 15 percent. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The popular rating by analysts on Cirrus Logic stock is a Neutral. The strength of this rating has maintained conviction over the past 90 days.

Conference Call

The Cirrus Logic's Q3 conference call is scheduled to begin at 5 p.m. ET and can be accessed here.