Market Overview

Earnings Outlook For Cirrus Logic

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Cirrus Logic (NASDAQ: CRUS) announces its next round of earnings this Monday, August 03. Here is Benzinga's everything-that-matters guide for this Monday's Q1 earnings announcement.

Earnings and Revenue

Analysts predict Cirrus Logic will report earnings of $0.3 per share on revenue of $225.18 million. Cirrus Logic earnings in the same period a year ago was $0.350 per share. Quarterly sales came in at $238.25 million. If the company were to match the consensus estimate when it reports Monday, EPS would have fallen 14.29%. Sales would be down 13.36% from the year-ago period. Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter Q4 2020 Q3 2020 Q2 2019 Q1 2019
EPS Estimate 0.49 1.13 0.94 0.15
EPS Actual 0.68 1.41 1.55 0.35
Revenue Estimate 259.91 M 345.71 M 320.98 M 221.11 M
Revenue Actual 279.29 M 374.67 M 388.91 M 238.25 M

Stock Performance

Over the last 52-week period, shares are up 31.0%. Given that these returns are generally positive, long-term shareholders can relax going into this earnings release. Long-term shareholders are already enjoying 12-month gains prior to the announcement.

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 17:00:00 ET and can be accessed here: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.cirrus.com%2Fhome%2Fdefault.aspx&eventid=2403577&sessionid=1&key=342938EF29A856F48E9A09D6850B7188&regTag=&sourcepage=register

 

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