Synchronoss Technologies Inc reports results for the quarter ended December 31 - Earnings Summary

• Synchronoss Technologies Inc SNCR.OQ reported quarterly adjusted earnings of 94 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of -85 cents. The mean expectation of three analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from 4 cents to 13 cents per share.

• Revenue rose 6.8% to $44.21 million from a year ago; analysts expected $43.76 million.

• Synchronoss Technologies Inc's reported EPS for the quarter was 71 cents​.

• The company reported quarterly net income of $7.89 million.

• Synchronoss Technologies Inc shares had fallen by 19.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the it services & consulting peer group is also "buy"

Wall Street's median 12-month price target for Synchronoss Technologies Inc is $26.50

This summary was machine generated from LSEG data March 11 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)