Synopsys Inc reports results for the quarter ended July 31 - Earnings Summary

• Synopsys Inc SNPS reported quarterly adjusted earnings of $3.39​​ per share for the quarter ended July 31, lower than the same quarter last year, when the company reported EPS of $3.43. The mean expectation of sixteen analysts for the quarter was for earnings of $3.74 per share. Wall Street expected results to range from $3.38 to $3.86 per share.

• Revenue rose 14% to $1.74 billion from a year ago; analysts expected $1.77 billion.

• Synopsys Inc's reported EPS for the quarter was $1.50​.

• The company reported quarterly net income of $242.51 million.

• Synopsys Inc shares had risen by 18.8% this quarter and gained 25.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Synopsys Inc is $655.00, about 7% above its last closing price of $609.08

This summary was machine generated from LSEG data September 9 at 09:01 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)