Synopsys Inc (SNPS, Financial) is set to release its Q3 2024 earnings on Aug 21, 2024. The consensus estimate for Q3 2024 revenue is $1,518.87 million, and the earnings are expected to come in at $2.29 per share. The full year 2024's revenue is expected to be $6.13 billion and the earnings are expected to be $9.38 per share. More detailed estimate data can be found on the Estimates page.
Synopsys Inc (SNPS, Financial) Estimates Trends
Over the past 90 days, revenue estimates for Synopsys Inc (SNPS) for the full year 2024 have declined from $6.45 billion to $6.13 billion, and for 2025, from $7.28 billion to $6.94 billion. Earnings estimates have increased for the full year 2024 from $9.30 per share to $9.38 per share, while for 2025, they have declined from $10.55 per share to $10.45 per share.
Synopsys Inc (SNPS, Financial) Reported History
In the previous quarter of April 30, 2024, Synopsys Inc's (SNPS) actual revenue was $1,454.71 million, which missed analysts' revenue expectations of $1,482.22 million by -1.86%. Synopsys Inc's (SNPS) actual earnings were $1.92 per share, which missed analysts' earnings expectations of $2.02 per share by -4.71%. After releasing the results, Synopsys Inc (SNPS) was up by 2.3% in one day.
Synopsys Inc (SNPS, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 15 analysts, the average target price for Synopsys Inc (SNPS) is $656.11 with a high estimate of $707.78 and a low estimate of $620. The average target implies an upside of 17.54% from the current price of $558.22.
Based on GuruFocus estimates, the estimated GF Value for Synopsys Inc (SNPS, Financial) in one year is $529.89, suggesting a downside of -5.08% from the current price of $558.22.
Based on the consensus recommendation from 17 brokerage firms, Synopsys Inc's (SNPS, Financial) average brokerage recommendation is currently 1.7, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
