Synopsys (SNPS) Falls More Steeply Than Broader Market: What Investors Need to Know

Company Performance - Synopsys (SNPS) closed at $522.53, reflecting a -1.09% change from the previous trading day, underperforming the S&P 500 which had a daily loss of 0.01% [1] - Over the last month, Synopsys shares increased by 2.42%, lagging behind the Computer and Technology sector's gain of 3.65% and the S&P 500's gain of 4.88% [1] Upcoming Earnings - Synopsys is set to release its earnings report on February 26, 2025, with projected EPS of$ 2.81, indicating a 21.07% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $1.45 billion, down 11.9% from the previous year [2] Fiscal Year Estimates - For the entire fiscal year, Zacks Consensus Estimates predict earnings of$ 14.90 per share and revenue of $6.77 billion, reflecting increases of +12.88% and +8.04% respectively from the prior year [3] Analyst Projections - Recent shifts in analyst projections for Synopsys should be monitored, as positive estimate revisions can indicate optimism about the company's business outlook [4] Zacks Rank and Valuation - Synopsys currently holds a Zacks Rank of 3 (Hold), with the Zacks Rank system showing a strong track record of exceeding expectations [6] - The company has a Forward P/E ratio of 35.46, which is higher than the industry average of 29.82, and a PEG ratio of 2.47 compared to the industry average of 2.21 [7] Industry Context - The Computer - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 89, placing it in the top 36% of over 250 industries [8]