Does Earnings Surprise History Hold Any Clue for Synopsys Stock Forecast, Price & News (NASDAQ:SNPS)

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Earnings results for Synopsys Stock Forecast, Price & News (NASDAQ:SNPS)

Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJul 2020 , the consensus EPS* forecast has remained the same over the past week at 1.01 and remained the same over the past month at 1.01. none raised and none lowered their forecast. For the fiscal year ending Oct 2020 , the consensus EPS* forecast has remained the same over the past week at 3.75 and remained the same over the past month at 3.75 . none raised and none lowered their forecast.

Synopsys last released its earnings results on May 20th, 2020. The semiconductor company reported $1.22 EPS for the quarter, topping the consensus estimate of $0.99 by $0.23. The firm earned $861.33 million during the quarter, compared to analysts’ expectations of $836.52 million. Its quarterly revenue was up 3.0% on a year-over-year basis. Synopsys has generated $3.45 earnings per share over the last year and currently has a price-to-earnings ratio of 65.2. Synopsys has confirmed that its next quarterly earnings report will be published on Wednesday, August 19th, 2020.

Analyst Opinion on Synopsys Stock Forecast, Price & News (NASDAQ:SNPS)

13 Wall Street analysts have issued ratings and price targets for Synopsys in the last 12 months. Their average twelve-month price target is $190.54, predicting that the stock has a possible downside of 4.77%. The high price target for SNPS is $210.00 and the low price target for SNPS is $160.00. There are currently 13 buy ratings for the stock, resulting in a consensus rating of “Buy.”

Synopsys has received a consensus rating of Buy. The company’s average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings. According to analysts’ consensus price target of $190.54, Synopsys has a forecasted downside of 4.8% from its current price of $200.09. Synopsys has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: Synopsys Stock Forecast, Price & News (NASDAQ:SNPS)

Synopsys does not currently pay a dividend. Synopsys does not have a long track record of dividend growth.

Insiders buying/selling: Synopsys Stock Forecast, Price & News (NASDAQ:SNPS)

In the past three months, Synopsys insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,153,822.00 in company stock. Only 1.87% of the stock of Synopsys is held by insiders. 88.83% of the stock of Synopsys is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Synopsys Stock Forecast, Price & News (NASDAQ:SNPS

Earnings for Synopsys are expected to grow by 14.40% in the coming year, from $3.75 to $4.29 per share. The P/E ratio of Synopsys is 65.18, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 17.32. The P/E ratio of Synopsys is 65.18, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.08. Synopsys has a PEG Ratio of 3.45. PEG Ratios above 1 indicate that a company could be overvalued. Synopsys has a P/B Ratio of 7.35. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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