Earnings Preview: Cirrus Logic
Portfolio Pulse from Benzinga Insights
Cirrus Logic (NASDAQ:CRUS) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $2.01. Analysts and investors are keen on not just the earnings beat but also the company's guidance for future growth. Historically, Cirrus Logic has shown a mixed reaction to its earnings reports, with share price movements varying post-announcement. The stock has been down 27.37% over the last 52 weeks, trading at $76.7 as of February 2.
February 05, 2024 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Cirrus Logic is anticipated to report an EPS of $2.01 for the upcoming quarter. Historical data shows variable stock price reactions to earnings announcements. The stock has experienced a significant decline over the past year.
Given the historical mixed reactions to earnings reports and the current downward trend in stock price, the short-term impact is uncertain. The focus will be on whether CRUS can beat the EPS estimate and provide positive future guidance, which could potentially influence the stock price. However, the recent negative trend and past performance suggest a cautious outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100