Cirrus Logic, Inc. (NASDAQ:CRUS) is reporting first quarter earnings results on Monday 3rd August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.30 per share from $ 225.18 million in revenue.
For the full year, analysts predict revenues of $ 1185.94 million, while looking forward to income of $ 3.15 per share.
The Company Outlook
Revenue for 1Q21 are expected in a range of $ 200.00 million ~ $ 250.00 million
Click Here For More Historical Outlooks Of Cirrus Logic, Inc.
Previous Quarter Performance
Cirrus Logic, Inc. outlined income for the fourth quarter of $ 0.68 per share, from the revenue of $ 279.29 million. The quarterly earnings raised 83.78 percent while revenues surged 16.16 percent compared with the same quarter last year.
Street analysts expected Cirrus Logic, Inc. to report income of $ 0.49 per share on revenue of $ 259.91 million for the fourth quarter. The bottom line results beat street analysts by $ 0.19 or 38.78 percent, at the same time, top line results outshined analysts by $ 19.38 million or 7.46 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Cirrus Logic, Inc.
Stock Performance
According to the previous trading day, closing price of CRUS was $ 68.53, representing a 45.68 % increase from the 52 week low of $ 47.04 and a 25.21 % decrease over the 52 week high of $ 91.63.
The company has a market capital of $ 4.00 billion and is part of the Technology sector and Semiconductors industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”CRUS” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 22nd June 2020, downgraded by Barclays to Underweight from Equal-Weight rating, with $ 60.00 target price.
Conference Call
Cirrus Logic, Inc. will be hosting a conference call at 5:00 PM eastern time on 3rd August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.cirrus.com
Cirrus Logic, Inc., a fabless semiconductor company, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs) in the United States and internationally. It offers portable products, including codecs-chips that integrate analog-to-digital converters (ADCs) and digital-to-analog converters (DACs) into a single IC; smart codecs, a codec with digital signal processer; boosted amplifiers; micro-electromechanical systems microphones; haptic drivers; digital signal processors; and SoundClear technology, which consists of a portfolio of tools, software, and algorithms that offer enhanced voice quality, voice capture, and audio playback features. The company provides its portable products for use in smartphones, tablets, digital headsets, speakers, VR headsets, and action cameras; and wearables, such as smart watches and bands.
