Synopsys (SNPS) Q4 Earnings and Revenues Top Estimates

Core Viewpoint - Synopsys reported quarterly earnings of $3.40 per share, exceeding the Zacks Consensus Estimate of $3.29 per share, and showing an increase from $3.17 per share a year ago, indicating a 3.34% earnings surprise [1] Group 1: Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - Synopsys posted revenues of $1.64 billion for the quarter ended October 2024, surpassing the Zacks Consensus Estimate by 0.23%, compared to $1.6 billion in the same quarter last year [2] - The current consensus EPS estimate for the coming quarter is $3.51 on revenues of $1.65 billion, and for the current fiscal year, it is $14.81 on revenues of $6.87 billion [8] Group 2: Stock Performance and Outlook - Synopsys shares have increased approximately 10.7% since the beginning of the year, while the S&P 500 has gained 26.8% [4] - The estimate revisions trend for Synopsys is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] - The outlook for the industry can significantly impact the stock's performance, with the Computer - Software industry currently ranking in the top 26% of Zacks industries [9]