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Cirrus Logic, Inc. · NASDAQ · Technology
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Cirrus Logic Inc (CRUS) posted better-than-expected Q3 earnings and provided Q4 sales guidance above estimates, indicating strong demand and operational efficiency. This positive performance bodes well for investor sentiment and future revenue growth in the tech sector, particularly for audio and voice-related products that CRUS specializes in.
View signal analysisCRUS reported Q2 earnings of $2.83, beating estimates by $0.46. Q2 sales reached $560.96 million, exceeding analyst expectations of $540.39 million. Third-quarter sales forecast of $500-$560 million is stronger than estimates. John Forsyth highlighted record revenue driven by smartphone component demand. Analysts raised price targets for CRUS, indicating continued bullish outlook.
View signal analysisCirrus Aircraft shares doubled post-IPO, attracting new investor interest. AVIC sold 4.78% of its stake for HK$700 million, reducing ownership to 80.18%. Strong revenue growth with $1.2 billion in 2023 implies solid market demand. Geopolitical concerns eased, aiding Cirrus' stock performance post-IPO. Cirrus' P/E ratio remains lower than rivals, indicating potential investor growth opportunities.
View signal analysis- CRUS reported Q4 2024 EPS of $1.24, beating estimates by 85.1%. - Total revenues of $371.8 million, up 16.2% from estimates, but down 0.3% YoY. - Shares gained 11.9% post-announcement and rose 18.2% in the past year. - Forecast for Q1 2025 revenues between $290 million and $350 million. - Company has $526.5 million in cash and marketable securities. Price Impact Rating: bullish Impact Horizon Rating: short-term Type: Earnings
View signal analysis- CRUS reported quarterly earnings of $1.24 per share, beating estimates by 85.07%. - Revenue for the quarter ended March 2024 was $371.83 million, surpassing estimates by 16.15%. - Estimate revisions for CRUS are currently mixed, with a Zacks Rank #3 (Hold). - Industry outlook for Electronics - Semiconductors is in the bottom 38% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
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