Synopsys, Inc. (NASDAQ:SNPS) is set to announce fourth quarter earning results on Wednesday 2nd December 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, SNPS to report 4Q20 income of $ 1.57 per share.
For the full year, analysts anticipate top line of $ 3684.96 million, while looking forward to income of $ 5.55 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 1.51 ~ $ 1.56 per share, while revenues are expected in a range of $ 1,000.00 million ~ $ 1,030.00 million
Full Year 2020 topline are forecasted in a range of$ 3,660.00 million ~ $ 3,690.00 million, where as bottomline are predicted in a range of $ 5.48 ~ $ 5.53 per share
Click Here For More Historical Outlooks Of Synopsys, Inc.
Previous Quarter Performance
Synopsys, Inc. disclosed income for the third quarter of $ 1.74 per share, from the revenue of $ 964.13 million. The quarterly earnings increased 51.30 percent while revenues raised 13.28 percent compared with the same quarter last year.
Wall street analysts are predicting, SNPS to report 3Q20 income of $ 1.68 per share from revenue of $ 1036.75 million. The bottom line results beat street analysts by $ 0.06 or 3.57 percent, at the same time, top line results fell short of analysts by $ 72.62 million or 7 percent.
Stock Performance
Shares of Synopsys, Inc. traded up $ 2.52 or 1.11 percent on Tuesday, reaching $ 230.02 with volume of 689.30 thousand shares. Synopsys, Inc. has traded high as $ 231.07 and has cracked $ 224.07 on the downward trend
According to the previous trading day, closing price of $ 230.02, representing a 116.87 % increase from the 52 week low of $ 104.90 and a 7.78 % decrease over the 52 week high of $ 246.69.
The company has a market capital of $ 34.91 billion and is part of the Technology sector and Software – Application industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by UBS Group at Buy rating, with $ 265.00 target price.
- On 9th October 2020, maintained by RBC Capital at Outperform rating, with $ 245.00 target price.
Conference Call
Synopsys, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd December 2020, to discuss its 4Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.synopsys.com
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 that 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.
