Synopsys Sees FY24 Adj. EPS $13.47-$13.55 vs $13.42 Est., Revenue $6.57B-$6.63B vs $6.62B Est.
Portfolio Pulse from Benzinga Newsdesk
Synopsys projects its FY24 adjusted EPS to be between $13.47 and $13.55, slightly above the estimated $13.42. The company also forecasts revenue to range from $6.57 billion to $6.63 billion, closely aligning with the estimated $6.62 billion.
February 21, 2024 | 9:08 pm
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Synopsys projects a higher FY24 adjusted EPS than estimated and forecasts revenue that closely matches estimates.
Synopsys' projection of a higher adjusted EPS than the market estimate suggests positive performance and operational efficiency, likely leading to increased investor confidence and a potential rise in stock price in the short term. The revenue forecast, being in line with expectations, reinforces the company's stable growth outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100