Synopsys Inc (NASDAQ: SNPS) has reported E.P.S. of $2.30 for its fourth fiscal quarter (ending October 31) versus $1.00 for the same period a year ago — an increase of 130%. Relative to the consensus estimate of $3.03, this was a shortfall of $-0.73. For the latest four quarters through October 31, E.P.S. were $8.08 compared to $6.44 a year ago — an increase of 25%.
Recent Price Action
Synopsys Inc (NASDAQ: SNPS) stock closed at $552.46 on 11/29/23 after an increase of 1.6%. Moreover, this advance was accompanied by above average trading volume at 145% of normal. The stock has risen 2.0% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SNPS is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Synopsys has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Synopsys has a very low Appreciation Score of 12 but a very high Power Rating of 93, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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