Synaptics Inc reports results for the quarter ended September 30 - Earnings Summary

• Synaptics Inc SYNA.OQ reported quarterly adjusted earnings of 81 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of nine analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 73 cents to 75 cents per share.

• Revenue rose 8.4% to $257.70 million from a year ago; analysts expected $255.22 million.

• Synaptics Inc's reported EPS for the quarter was a loss of 58 cents​.

• The company reported a quarterly loss of $23.1 million.

• Synaptics Inc shares had fallen by 3.8% this quarter and lost 34.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Synaptics Inc is 93.50

This summary was machine generated from LSEG data November 8 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)