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Synopsys (SNPS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
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Synopsys (SNPS - Free Report) reported $1.53 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 2.6%. EPS of $3.43 for the same period compares to $2.88 a year ago.
The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +4.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Synopsys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Maintenance and service
: $280.07 million compared to the $303.46 million average estimate based on four analysts. The reported number represents a change of +5.1% year over year.
Revenue- Total products revenue
: $1.25 billion versus $1.22 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Revenue by segment- Design IP
: $463.10 million versus $392.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change.
Revenue by segment- Design Automation
: $1.06 billion versus $1.12 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Revenue- Upfront products
: $442.53 million compared to the $299.81 million average estimate based on three analysts. The reported number represents a change of +48.5% year over year.
Revenue- Time-based products
: $803.15 million versus the three-analyst average estimate of $897.59 million. The reported number represents a year-over-year change of -13%.
Shares of Synopsys have returned -5.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Synopsys (SNPS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Synopsys (SNPS - Free Report) reported $1.53 billion in revenue for the quarter ended July 2024, representing a year-over-year increase of 2.6%. EPS of $3.43 for the same period compares to $2.88 a year ago.
The reported revenue represents a surprise of +0.04% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $3.28, the EPS surprise was +4.57%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Synopsys performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Synopsys here>>>Revenue- Maintenance and service
: $280.07 million compared to the $303.46 million average estimate based on four analysts. The reported number represents a change of +5.1% year over year.Revenue- Total products revenue
: $1.25 billion versus $1.22 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +2% change.Revenue by segment- Design IP
: $463.10 million versus $392.26 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +32.2% change.Revenue by segment- Design Automation
: $1.06 billion versus $1.12 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.Revenue- Upfront products
: $442.53 million compared to the $299.81 million average estimate based on three analysts. The reported number represents a change of +48.5% year over year.Revenue- Time-based products
: $803.15 million versus the three-analyst average estimate of $897.59 million. The reported number represents a year-over-year change of -13%.Shares of Synopsys have returned -5.3% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.