Synopsys (SNPS) Q1 Earnings and Revenues Surpass Estimates

Company Performance - Synopsys reported quarterly earnings of $3.03 per share, exceeding the Zacks Consensus Estimate of $2.81 per share, but down from $3.56 per share a year ago, representing an earnings surprise of 7.83% [1] - The company posted revenues of $1.46 billion for the quarter ended January 2025, surpassing the Zacks Consensus Estimate by 0.16%, but down from $1.65 billion year-over-year [2] - Over the last four quarters, Synopsys has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Stock Performance - Synopsys shares have declined approximately 5.7% since the beginning of the year, while the S&P 500 has gained 1.3% [3] - The current Zacks Rank for Synopsys is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Future Outlook - The consensus EPS estimate for the upcoming quarter is $3.37 on revenues of $1.6 billion, and for the current fiscal year, it is $14.90 on revenues of $6.77 billion [7] - The outlook for the Computer - Software industry, where Synopsys operates, is currently in the bottom 42% of over 250 Zacks industries, which may impact stock performance [8]