Core Insights - Synopsys (SNPS) closed at $464.40, reflecting a +1.82% increase from the previous day, outperforming the S&P 500's gain of 0.79% [1] - Over the last month, Synopsys shares have decreased by 6.39%, underperforming the Computer and Technology sector's gain of 1.2% and the S&P 500's gain of 1.27% [1] Earnings Performance - Synopsys is expected to report an EPS of $2.79, indicating a 17.94% decline compared to the same quarter last year [2] - The consensus estimate for quarterly revenue is $2.25 billion, representing a 37.59% increase from the previous year [2] - Full-year Zacks Consensus Estimates project earnings of $12.83 per share and revenue of $7.05 billion, reflecting year-over-year changes of -2.8% and +12.52%, respectively [3] Analyst Estimates - Recent changes to analyst estimates for Synopsys are crucial as they indicate shifts in near-term business trends [4] - Upward revisions in estimates suggest analysts' positive outlook on the company's operations and profit generation capabilities [4] Valuation Metrics - Synopsys has a Forward P/E ratio of 35.54, which is higher than the industry average Forward P/E of 29.24 [7] - The company has a PEG ratio of 3.13, compared to the Computer - Software industry's average PEG ratio of 2.11 [8] Industry Context - The Computer - Software industry is part of the broader Computer and Technology sector, currently holding a Zacks Industry Rank of 84, placing it in the top 35% of over 250 industries [9] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [9]

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]