Synopsys (NASDAQ:SNPS) Releases Q1 Earnings Guidance
Synopsys (NASDAQ:SNPS) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.89-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.20. The company issued revenue guidance of $805-835 million, compared to the consensus revenue estimate of $871.25 million.Synopsys also updated its FY 2020
After-Hours guidance to 5.18-5.25 EPS.
Shares of Synopsys stock traded down $1.72 during midday trading on Friday, reaching $134.29. 478,645 shares of the company’s stock traded hands, compared to its average volume of 1,083,242. The stock has a 50 day moving average of $137.27 and a 200-day moving average of $133.14. Synopsys has a 12 month low of $79.14 and a 12 month high of $146.66. The company has a market cap of $21.20 billion, a PE ratio of 47.62, a price-to-earnings-growth ratio of 3.46 and a beta of 1.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.90 and a current ratio of 0.99.
Synopsys (NASDAQ:SNPS) last issued its quarterly earnings data on Wednesday, December 4th. The semiconductor company reported $1.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.13 by $0.02. Synopsys had a net margin of 18.94% and a return on equity of 16.56%. The business had revenue of $851.10 million for the quarter, compared to the consensus estimate of $847.34 million. During the same period in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts anticipate that Synopsys will post 3.15 earnings per share for the current fiscal year.
Synopsys Company Profile
Synopsys, Inc provides electronic design automation software products used to design and test integrated circuits (ICs). It offers Fusion Design Platform, a digital design implementation solution; Verification Continuum Platform, which provides virtual prototyping, static and formal verification, simulation, emulation, field-programmable gate array (FPGA)-based prototyping, and debug solutions; and FPGA design products that are programmed to perform specific functions.
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