Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Cirrus Logic (NASDAQ:CRUS) announces its next round of earnings this Wednesday, July 31. Here is Benzinga's everything-that-matters guide for the Q1 earnings announcement.
Earnings and Revenue
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
Cirrus Logic EPS is expected to be around 15 cents, according to sell-side analysts. Sales will likely be near $221.11 million.
In the same quarter last year, Cirrus Logic reported earnings per share of 28 cents on revenue of $254.48 million. If the company were to report inline earnings when it publishes results Wednesday, quarterly profit would be down 46.43%. Sales would be down 13.11% from the year-ago period. Here's how the company's EPS has stacked up against analyst estimates in the past:
| Quarter | Q4 2019 | Q3 2019 | Q2 2019 | Q1 2019 |
| EPS Estimate | 0.120 | 0.8 | 0.74 | 0.07 |
| EPS Actual | 0.370 | 0.91 | 1.08 | 0.28 |
Stock Performance
Over the last 52-week period, shares are up 18.73%. Given that these returns are generally positive, long-term shareholders can be content going into this earnings release. Analyst estimates are adjusted lower for EPS and revenues over the past 90 days. The most common rating from analysts on Cirrus Logic stock is a Neutral. The strength of this rating has maintained conviction over the past three months.
Conference Call
Don't be surprised to see the stock move on comments made during its conference call. Cirrus Logic is scheduled to hold the call at 5:00 p.m. ET and can be accessed here.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.