Recap: Synopsys Q4 Earnings

Synopsys SNPS reported its Q4 earnings results on Wednesday, December 1, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Earnings

Synopsys beat estimated earnings by 2.25%, reporting an EPS of $1.82 versus an estimate of $1.78, which did not surprise analysts.

Revenue was up $127,000,000 from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.03, which was followed by a 8.73% increase in the share price the next day.

Here's a look at Synopsys's past performance:

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 their next quarter, expecting earnings between $1.75 and $1.8 per share for the nextquarter.

This represents a -2.47% in quarter-over-quarter growth for Synopsys, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.