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Ahead of Synopsys (SNPS) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Synopsys (SNPS - Free Report) is expected to reveal quarterly earnings of $3.28 per share, indicating an increase of 13.9% compared to the year-ago period. Analysts forecast revenues of $1.53 billion, representing an increase of 2.6% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Synopsys metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Maintenance and service' should arrive at $303.46 million. The estimate indicates a year-over-year change of +13.9%.
Analysts expect 'Revenue- Total products revenue' to come in at $1.22 billion. The estimate points to a change of -0.3% from the year-ago quarter.
It is projected by analysts that the 'Revenue by segment- Design IP' will reach $392.26 million. The estimate points to a change of +12% from the year-ago quarter.
Analysts predict that the 'Revenue by segment- Design Automation' will reach $1.12 billion. The estimate points to a change of +11.5% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Upfront products' will reach $299.81 million. The estimate points to a change of +0.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Time-based products' should come in at $897.59 million. The estimate indicates a year-over-year change of -2.7%.
Over the past month, shares of Synopsys have returned -2.2% versus the Zacks S&P 500 composite's -1.5% change. Currently, SNPS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Ahead of Synopsys (SNPS) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Synopsys (SNPS - Free Report) is expected to reveal quarterly earnings of $3.28 per share, indicating an increase of 13.9% compared to the year-ago period. Analysts forecast revenues of $1.53 billion, representing an increase of 2.6% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Synopsys metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Maintenance and service' should arrive at $303.46 million. The estimate indicates a year-over-year change of +13.9%.
Analysts expect 'Revenue- Total products revenue' to come in at $1.22 billion. The estimate points to a change of -0.3% from the year-ago quarter.
It is projected by analysts that the 'Revenue by segment- Design IP' will reach $392.26 million. The estimate points to a change of +12% from the year-ago quarter.
Analysts predict that the 'Revenue by segment- Design Automation' will reach $1.12 billion. The estimate points to a change of +11.5% from the year-ago quarter.
The consensus among analysts is that 'Revenue- Upfront products' will reach $299.81 million. The estimate points to a change of +0.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Revenue- Time-based products' should come in at $897.59 million. The estimate indicates a year-over-year change of -2.7%.
View all Key Company Metrics for Synopsys here>>>
Over the past month, shares of Synopsys have returned -2.2% versus the Zacks S&P 500 composite's -1.5% change. Currently, SNPS carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>