Cirrus Logic (CRUS) Up 4.5% Since Last Earnings Report: Can It Continue?

Core Viewpoint - Cirrus Logic (CRUS) shares have increased by approximately 4.5% over the past month, underperforming the S&P 500, raising questions about the sustainability of this trend leading up to the next earnings report [1] Earnings Estimates - Fresh estimates for Cirrus Logic have trended upward in the past month, with the consensus estimate shifting by 44.94% [2] VGM Scores - Cirrus Logic has a Growth Score of B, a Momentum Score of B, and a Value Score of B, resulting in an aggregate VGM Score of A, indicating strong overall performance across multiple investment strategies [3] Outlook - The upward trend in estimates for Cirrus Logic appears promising, with a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - Cirrus Logic is part of the Zacks Electronics - Semiconductors industry, where Qualcomm (QCOM) has seen a 3.3% increase over the past month, reporting revenues of $10.84 billion, a year-over-year increase of 15.4% [5] - Qualcomm's expected earnings for the current quarter are $2.69 per share, reflecting a year-over-year change of 15.5%, with a Zacks Rank of 3 (Hold) and a VGM Score of B [6]