Why Is Synopsys (SNPS) Up 4.1% Since Last Earnings Report?

Will the recent positive trend continue leading up to its next earnings release, or is Synopsys due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Synopsys missed both revenue and earnings estimates in the second quarter of 2024. The company's secondquarter non-GAAP earnings per share (EPS) of $3 marginally lagged the Zacks Consensus Estimate of $3.0 ...