Cirrus Logic, Inc. (CRUS) Hits Fresh High: Is There Still Room to Run?

Core Viewpoint - Cirrus Logic (CRUS) has shown strong stock performance, with a 7.1% increase over the past month and a 33.4% gain since the beginning of the year, outperforming both the Zacks Computer and Technology sector and the Zacks Electronics - Semiconductors industry [1] Performance Metrics - The stock has consistently beaten earnings estimates, with the latest EPS reported at $1.51 against a consensus estimate of $1.07, and revenue exceeding estimates by 11.96% [2] - For the current fiscal year, earnings are projected at $7.11 per share with revenues of $1.82 billion, reflecting a -5.7% change in EPS and a -3.79% change in revenues [3] Valuation Metrics - Cirrus Logic has a Value Score of C, Growth Score of B, and Momentum Score of D, resulting in a VGM Score of B [6] - The stock trades at 18.7X current fiscal year EPS estimates, significantly lower than the peer industry average of 41.6X, and at 18.1X on a trailing cash flow basis compared to the peer group's average of 22.1X [7] Zacks Rank - Cirrus Logic holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, indicating potential for further gains [8]