Synaptics Inc (NASDAQ: SYNA) has reported E.P.S. of $-0.46 for its third fiscal quarter (ending March 31) versus $0.26 for the same period a year ago — a decline of -277%. This result fell short of the consensus estimate of $1.21 by $-1.67. For the latest four quarters through March 31, E.P.S. were $-2.71 compared to $4.53 a year ago — a decline of -160%.
Recent Price Action
Synaptics Inc (NASDAQ: SYNA) stock closed at $91.66 on 5/9/24 after a modest gain of 0.7%. Moreover, trading volume in this advance was exceptionally high at 246% of normal. The stock has performed in line with the market over the last nine months and has risen 4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SYNA is expected to continue to be a Value Builder.
Synaptics has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Synaptics has a neutral Power Rating of 47 and a slightly negative Appreciation Score of 36, resulting in the Negative Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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