Synchronoss (SNCR) Reports Next Week: Wall Street Expects Earnings Growth

Core Viewpoint - Synchronoss (SNCR) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with a consensus outlook suggesting a significant earnings surprise could impact its stock price in the near term [1][2]. Earnings Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $0.35 per share, reflecting a year-over-year increase of +234.6%, with revenues projected at $43.04 million, a slight increase of 0.2% from the previous year [3]. - The consensus EPS estimate has been revised 11.77% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a positive Earnings ESP of +10.15% for Synchronoss, suggesting analysts have become more optimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 3, indicating a neutral outlook, but the combination of a positive Earnings ESP and this rank suggests a likelihood of beating the consensus EPS estimate [12]. Historical Performance - In the last reported quarter, Synchronoss was expected to post earnings of $0.25 per share but only achieved $0.10, resulting in a surprise of -60.00% [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Investment Considerations - While an earnings beat may not solely dictate stock movement, betting on stocks expected to exceed earnings expectations can enhance the odds of success [15][16]. - Synchronoss is viewed as a compelling candidate for an earnings beat, but investors are advised to consider other influencing factors before making investment decisions [17].