Synaptics (SYNA) Q2 Earnings and Revenues Top Estimates

Core Viewpoint - Synaptics reported quarterly earnings of $0.92 per share, exceeding the Zacks Consensus Estimate of $0.86 per share, and showing a significant increase from $0.57 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 $237 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 $254.31 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]