Cirrus Logic Inc. (NASDAQ: CRUS) has reported earnings for its fourth fiscal quarter (ending March 31) of $0.83 versus a loss $-0.97 for the same period a year ago. This performance was $0.19 better than the consensus estimate of $0.64. E.P.S. were $5.06 for the latest four quarters through March 31 versus $3.18 for the same period a year ago — an increase of 59%.
Recent Price Action
Cirrus Logic Inc. (NASDAQ: CRUS) stock increased 1.2% on 5/7/24. The shares closed at $91.13. Moreover, this advance was accompanied by exceptionally high trading volume at 224% of normal. The stock has been strong relative to the market over the last nine months and has risen 0.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CRUS is expected to continue to be an important Value Builder.
Cirrus Logic has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Cirrus Logic has a slightly negative Appreciation Score of 37 but a good Power Rating of 76, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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