The upcoming report from Synopsys (SNPS) 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 annou ...

Synopsys, Inc. (SNPS) is slated to report third-quarter fiscal 2024 results on Aug 21 after market close. The company anticipates revenues between $1.51 billion and $1.54 billion for the fiscal third quarter. The Zacks Consensus Estimate is pegged at $1.53 billion, which suggests growth of 2.6% from the year-ago period's reported figure. Synopsys expects non-GAAP earnings per share between $3.25 and $3.30. The Zacks Consensus Estimate for third-quarter earnings has remained unchanged at $3.26 per share over ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sellside) analysts often affect a stock's price, do they really matter? Let's take a look at what these Wall Street heavyweights have to say about Synopsys (SNPS) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Synopsys currently has an average brokera ...

The most recent trading session ended with Synopsys (SNPS) standing at $528.64, reflecting a +1.5% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 1.69%. At the same time, the Dow added 1.04%, and the tech-heavy Nasdaq gained 2.43%. The maker of software used to test and develop chips's stock has dropped by 15.45% in the past month, falling short of the Computer and Technology sector's loss of 9.75% and the S&P 500's loss of 4.78%. The investment community will b ...

The U.K. antitrust regulator has confirmed that it's carrying out an early-stage inquiry into Synopsys's plans to buy Ansys. The Competition and Markets Authority (CMA) has opened an "invitation to comment," meaning any stakeholders or interested parties can file their objections to the transaction, after which the regulator will decide whether to progress the investigation to a formal merger inquiry. The CMA hasn't provided any deadline for comment submissions. Chip design software maker Synopsys revealed ...

In the latest market close, Synopsys (SNPS) reached $489.97, with a -1.89% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.77%. Meanwhile, the Dow experienced a drop of 0.6%, and the technology-dominated Nasdaq saw a decrease of 1.05%. The the stock of maker of software used to test and develop chips has fallen by 17.86% in the past month, lagging the Computer and Technology sector's loss of 12.91% and the S&P 500's loss of 5.85%. The investment commu ...

Earnings Estimates - The consensus earnings estimate for the current fiscal year is $13.03, reflecting a year-over-year change of +16.4% [2] - For the next fiscal year, the consensus earnings estimate is $14.97, indicating a change of +14.8% from the previous year [15] Revenue Performance - Synopsys reported revenues of $1.45 billion in the last quarter, representing a year-over-year change of +4.3% [17] - The consensus sales estimate for the current quarter is $1.53 billion, indicating a year-over-year change of +2.6% [23] - For the current and next fiscal years, the revenue estimates are $6.19 billion and $6.9 billion, reflecting changes of +5.9% and +11.5%, respectively [23] Stock Performance and Valuation - Over the past month, shares of Synopsys have returned -13.7%, while the Zacks S&P 500 composite changed by -0.4% [7] - Synopsys has a Zacks Rank of 3 (Hold), indicating it may perform in line with the broader market in the near term [8][26] - The company is graded F in terms of valuation, suggesting it is trading at a premium compared to its peers [19] Earnings Surprises - Synopsys has surpassed consensus EPS estimates three times over the last four quarters and has also topped consensus revenue estimates three times during this period [24]

Company Overview - Synopsys (SNPS) closed at $546.38, reflecting a +1.42% change from the previous day, outperforming the S&P 500's gain of 1.11% [1] - The stock has decreased by 9.46% over the past month, underperforming the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 1.16% [1] Earnings Projections - The upcoming earnings report is expected on August 21, 2024, with projected earnings per share (EPS) of $3.26, indicating a 13.19% increase year-over-year [2] - Quarterly revenue is anticipated to be $1.53 billion, up 2.55% from the same period last year [2] - For the full year, earnings are projected at $13.03 per share and revenue at $6.19 billion, reflecting increases of +16.44% and +5.91% respectively from the previous year [6] Valuation Metrics - Synopsys is currently trading at a Forward P/E ratio of 41.34, which is higher than the industry average of 29.3, suggesting a premium valuation [4] - The PEG ratio for Synopsys stands at 2.58, compared to the industry average PEG ratio of 2.4 [4] Analyst Sentiment - Recent shifts in analyst projections for Synopsys are important, as positive estimate revisions indicate optimism about the company's business outlook [7] - The Zacks Rank system currently rates Synopsys at 3 (Hold), with the consensus EPS estimate remaining steady over the past month [8] Industry Context - The Computer - Software industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 160, placing it in the bottom 37% of all industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]

Company Overview - Synopsys is projected to report earnings of $3.26 per share for the upcoming earnings disclosure on August 21, 2024, indicating a year-over-year growth of 13.19% [8] - The Zacks Consensus Estimate for revenue is $1.53 billion, reflecting an increase of 2.55% from the previous year [8] - Currently, Synopsys has a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] Financial Performance - For the annual period, earnings are anticipated to be $13.03 per share and revenue at $6.19 billion, representing increases of +16.44% and +5.91% respectively compared to the last year [1] - The company's Forward P/E ratio is 45.1, which is a premium compared to the industry's average Forward P/E of 30.24 [10] Industry Context - The Computer - Software industry, which includes Synopsys, holds a Zacks Industry Rank of 158, placing it in the bottom 38% of over 250 industries [2] - The average PEG ratio for the Computer - Software industry is currently 2.47, while Synopsys has a PEG ratio of 2.81 [6] Market Performance - Over the past month, Synopsys shares have decreased by 1.32%, underperforming the Computer and Technology sector's gain of 0.47% and the S&P 500's gain of 1.96% [3] - In the latest trading session, Synopsys closed at $588.33, marking a slight increase of +0.11% from the previous day, outperforming the S&P 500, which fell by 0.16% [7]

SUNNYVALE, Calif., July 22, 2024 /PRNewswire/ -- Synopsys, Inc. (Nasdaq: SNPS) today announced it will report results for the third quarter fiscal year 2024 on Wednesday, August 21, 2024, after the market close. The company will host a conference call at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to review its financial results and business outlook. Synopsys headquarters in Sunnyvale, Calif. (PRNewsfoto/Synopsys, Inc.)Synopsys headquarters in Sunnyvale, Calif. (PRNewsfoto/Synopsys, Inc.) Financial and ...