Synopsys Sees Q4 Adj. EPS $3.27-$3.32 vs $3.23 Est., Revenue 1.614B-$1.644B vs $1.61B Est.; Sees FY24 Adj. EPS $13.07-$13.12 vs $13.08 Est., Revenue $6.105B-$6.135B vs $6.13B Est.
Portfolio Pulse from Benzinga Newsdesk
Synopsys has provided its financial guidance for Q4 and FY24, with adjusted EPS and revenue estimates slightly above market expectations. For Q4, the company expects adjusted EPS between $3.27 and $3.32, compared to the market estimate of $3.23, and revenue between $1.614 billion and $1.644 billion, compared to the market estimate of $1.61 billion. For FY24, Synopsys anticipates adjusted EPS between $13.07 and $13.12, slightly above the market estimate of $13.08, and revenue between $6.105 billion and $6.135 billion, close to the market estimate of $6.13 billion.
August 21, 2024 | 8:40 pm
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Synopsys has released its Q4 and FY24 financial guidance, with both adjusted EPS and revenue estimates slightly exceeding market expectations. This positive outlook may boost investor confidence.
Synopsys' guidance for Q4 and FY24 shows adjusted EPS and revenue slightly above market estimates, which is generally seen as a positive indicator for future performance. This could lead to a short-term increase in stock price as investors react to the better-than-expected financial outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100