Synopsys (SNPS) Advances While Market Declines: Some Information for Investors

Stock Performance - Synopsys (SNPS) ended the recent trading session at $515 81, showing a +1 7% increase from the previous day's closing price [1] - The stock outperformed the S&P 500's daily loss of 0 21%, the Dow's loss of 0 16%, and the Nasdaq's loss of 0 89% [1] - Over the past month, SNPS stock has climbed by 2 58%, surpassing the Computer and Technology sector's loss of 2 15% and the S&P 500's loss of 1 56% [1] Earnings and Revenue Projections - Synopsys's upcoming earnings per share (EPS) is projected to be$ 2 81, reflecting a 21 07% decrease from the same quarter last year [2] - Revenue for the upcoming quarter is estimated at $1 45 billion, down 11 9% from the prior-year quarter [2] - Full-year Zacks Consensus Estimates predict earnings of$ 14 90 per share and revenue of $6 77 billion, representing year-over-year changes of +12 88% and +8 04%, respectively [3] Analyst Estimates and Valuation - Changes in analyst estimates often reflect short-term business dynamics, with positive adjustments indicating a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which incorporates these estimate changes, has shown that 1 ranked stocks yield an average annual return of +25% since 1988 [5][6] - Synopsys currently has a Zacks Rank of 3 (Hold) [6] - The company's Forward P/E ratio is 34 04, higher than the industry average of 30 43 [7] - SNPS's PEG ratio is 2 37, matching the industry average [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, currently has a Zacks Industry Rank of 153, placing it in the bottom 40% of over 250 industries [8] - Research indicates that the top 50% of industries outperform the bottom half by a factor of 2 to 1 [8]