Synopsys (SNPS) Ascends But Remains Behind Market: Some Facts to Note

Company Performance - Synopsys (SNPS) closed at $421.88, with a slight increase of +0.16% from the previous trading day, underperforming the S&P 500's gain of 0.79% [1] - Over the past month, Synopsys shares have decreased by 5.61%, which is worse than the Computer and Technology sector's loss of 4.81% and the S&P 500's loss of 3.56% [1] Financial Projections - The upcoming earnings per share (EPS) for Synopsys is projected to be$ 3.39, representing a 13% increase from the same quarter last year, with expected revenue of $1.6 billion, a 10.18% increase year-over-year [2] - For the entire fiscal year, earnings are estimated at$ 14.88 per share and revenue at $6.77 billion, indicating increases of +12.73% and +8.05% respectively from the previous year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Synopsys are crucial as they reflect changing business trends, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Synopsys at 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] Valuation Metrics - Synopsys has a Forward P/E ratio of 28.31, which is higher than the industry average of 24.06, and a PEG ratio of 2.12, compared to the industry average PEG ratio of 2.09 [7] Industry Context - The Computer - Software industry, which includes Synopsys, has a Zacks Industry Rank of 81, placing it in the top 33% of over 250 industries, indicating strong performance potential [8]