Synopsys Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Synopsys, Inc. (NASDAQ:SNPS) is set to release its Q2 earnings after the closing bell on Wednesday. Analysts expect earnings of $3.05 per share and revenue of $1.51 billion. The company recently agreed to sell its Software Integrity Group business. Analysts have reiterated Buy ratings with price targets ranging from $615 to $660.
May 22, 2024 | 2:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Synopsys is expected to report strong Q2 earnings with an EPS of $3.05 and revenue of $1.51 billion. The company has also entered into an agreement to sell its Software Integrity Group business. Analysts have reiterated Buy ratings with price targets up to $660.
The expected strong earnings and positive analyst ratings are likely to boost investor confidence. The sale of the Software Integrity Group business could also be seen as a strategic move to streamline operations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100