Sterne Agee Reiterates a 'Buy' on Synaptics (SYNA); Trimming Estimates
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Price: $97.66 -0.35%
Rating Summary:
10 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
10 Buy, 13 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Sterne Agee reiterates a 'Buy' on Synaptics (NASDAQ: SYNA) price target of $38.00.
Analyst, Shaw Wu, said, "SYNA reported in-line revenue and a 1 cent miss on EPS but if not for a higher tax rate, EPS would have been 2 cents better. While a guidedown was widely anticipated, it turned out more conservative than expected. The good news is that the bar is set lower and we believe comps for FY13 vs. FY12 look favorable for growth re-acceleration."
"For FY12, we are now at $548 million in revenue and $2.28 in EPS (from $556 million and $2.40 in EPS) vs. consensus at $560 million and $2.41 in EPS and for FY13, $593 million and $2.55 in EPS (from $614 million and $2.80 in EPS) vs. consensus at $637 million and $2.80 in EPS."
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $33.18 yesterday.
Analyst, Shaw Wu, said, "SYNA reported in-line revenue and a 1 cent miss on EPS but if not for a higher tax rate, EPS would have been 2 cents better. While a guidedown was widely anticipated, it turned out more conservative than expected. The good news is that the bar is set lower and we believe comps for FY13 vs. FY12 look favorable for growth re-acceleration."
"For FY12, we are now at $548 million in revenue and $2.28 in EPS (from $556 million and $2.40 in EPS) vs. consensus at $560 million and $2.41 in EPS and for FY13, $593 million and $2.55 in EPS (from $614 million and $2.80 in EPS) vs. consensus at $637 million and $2.80 in EPS."
For an analyst ratings summary and ratings history on Synaptics click here. For more ratings news on Synaptics click here.
Shares of Synaptics closed at $33.18 yesterday.
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