20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
Synopsys (NASDAQ:SNPS) reported its Q3 earnings results on Wednesday, August 17, 2022 at 04:05 PM.
Here's what investors need to know about the announcement.
Earnings
Synopsys beat estimated earnings by 5.53%, reporting an EPS of $2.1 versus an estimate of $1.99.
Revenue was up $190.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.13 which was followed by a 10.25% increase in the share price the next day.
Here's a look at Synopsys's past performance:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 2.37 | 2.37 | 1.78 | 1.78 |
| EPS Actual | 2.50 | 2.40 | 1.82 | 1.81 |
| Revenue Estimate | 1.26B | 1.27B | 1.15B | 1.05B |
| Revenue Actual | 1.28B | 1.27B | 1.15B | 1.06B |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Guidance
Synopsys management provided guidance for FY 2022, expecting earnings between $8.8 and $8.85 per share.
To track all earnings releases for Synopsys visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
20-Year Pro Trader Reveals His "MoneyLine"
Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.
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