Synopsys Expects Q1 Revenue Of $1.63B-$1.66B (Estimate $1.6B), Non-GAAP EPS Of $3.40-$3.45 (Estimate $3.05)
Portfolio Pulse from Benzinga Newsdesk
Synopsys forecasts Q1 revenue to be between $1.63B-$1.66B, surpassing the estimated $1.6B. Non-GAAP EPS is expected to be $3.40-$3.45, exceeding the estimate of $3.05.
November 29, 2023 | 9:28 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Synopsys projects higher-than-expected Q1 revenue and Non-GAAP EPS, indicating strong financial performance.
Synopsys' forecasted revenue and EPS for Q1 are both higher than analysts' estimates, which is a positive signal for the company's financial health and often leads to a positive short-term impact on the stock price. Given that these figures are key indicators of a company's performance, the news is highly relevant and important to investors. The confidence in this analysis is high due to the clear beat on both top and bottom line estimates.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100