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Synaptics (SYNA) Q2 Earnings and Revenues Top Estimates
SYNASynaptics(SYNA) ZACKS·2025-02-07 00:01

Core Viewpoint - Synaptics reported quarterly earnings of 0.92pershare,exceedingtheZacksConsensusEstimateof0.92 per share, exceeding the Zacks Consensus Estimate of 0.86 per share, and showing a significant increase from 0.57pershareayearago,indicatingstrongperformanceinthetouch−screentechnologysector[1][2]FinancialPerformance−Thecompanyachievedrevenuesof0.57 per share a year ago, indicating strong performance in the touch-screen technology sector [1][2] Financial Performance - The company achieved revenues of 267.2 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.69% and up from 237millionyear−over−year[2]−Overthelastfourquarters,SynapticshasconsistentlyexceededconsensusEPSestimatesandrevenueexpectations[2]StockPerformanceandOutlook−Synapticsshareshavedeclinedapproximately0.5237 million year-over-year [2] - Over the last four quarters, Synaptics has consistently exceeded consensus EPS estimates and revenue expectations [2] Stock Performance and Outlook - Synaptics shares have declined approximately 0.5% year-to-date, contrasting with the S&P 500's gain of 3.1%, raising questions about future stock performance [3][4] - The current consensus EPS estimate for the upcoming quarter is 0.71 on revenues of 254.31million,andforthecurrentfiscalyear,itis254.31 million, and for the current fiscal year, it is 3.27 on revenues of $1.04 billion [7] Industry Context - The Electronics - Semiconductors industry, to which Synaptics belongs, is currently ranked in the top 32% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Synaptics' stock performance [5][6]