Cirrus Logic (CRUS) Expected to Beat Earnings Estimates: Should You Buy?

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Cirrus Logic (CRUS) due to lower revenues, with a focus on how actual results will compare to estimates in the upcoming earnings report [1][2]. Earnings Expectations - Cirrus Logic is expected to report quarterly earnings of $2.42 per share, reflecting a year-over-year decrease of 3.6% [3]. - Revenue projections stand at $536.3 million, down 3.5% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised 23.32% higher in the last 30 days, indicating a positive reassessment by analysts [4]. - A positive Earnings ESP of +5.90% suggests analysts have become more optimistic about Cirrus Logic's earnings prospects [12]. Historical Performance - Cirrus Logic has consistently beaten consensus EPS estimates, achieving this in the last four quarters [14]. - In the last reported quarter, the company exceeded expectations by delivering earnings of $2.83 per share against an estimate of $2.4, resulting in a surprise of +17.92% [13]. Predictive Indicators - A positive Earnings ESP is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [10]. - The current Zacks Rank for Cirrus Logic is 1, reinforcing the likelihood of beating the consensus EPS estimate [12].