Synopsys Inc reports results for the quarter ended April 30 - Earnings Summary

• Synopsys Inc SNPS.OQ reported quarterly adjusted earnings of $3.67​​ per share for the quarter ended April 30, higher than the same quarter last year, when the company reported EPS of $3.00. The mean expectation of thirteen analysts for the quarter was for earnings of $3.39 per share. Wall Street expected results to range from $3.30 to $3.41 per share.

• Revenue rose 10.3% to $1.60 billion from a year ago; analysts expected $1.60 billion.

• Synopsys Inc's reported EPS for the quarter was $2.24​.

• The company reported quarterly net income of $349.23 million.

• Synopsys Inc shares had risen by 19.3% this quarter and gained 5.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the software peer group is also "buy"

• Wall Street's median 12-month price target for Synopsys Inc is $592.50

This summary was machine generated from LSEG data May 28 at 09:01 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)