Cirrus Logic, Forecast to Report Q3 2024 Earnings of $1.68 Per Share: Defense World
July 22, 2023
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Cirrus Logic ($NASDAQ:CRUS), Inc. is a leading provider of high-performance analog and mixed-signal integrated circuits for audio, voice and industrial markets. The company’s products are used in a wide variety of mobile devices, automotive audio systems, home entertainment systems, industrial applications, and computing platforms. According to Defense World, Cirrus Logic, Inc. is expected to report Q3 2024 earnings of $1.68 per share. This forecast reflects the company’s growing success in the audio and voice markets, where their products are highly sought-after. Cirrus Logic, Inc. has been able to maintain a strong position in the market and continue to expand its presence due to its commitment to innovation and excellence.
The company continues to create cutting-edge solutions that meet the needs of its customers. With its strong financial performance and positive outlook, Cirrus Logic, Inc. is well-positioned for future growth. Investors should keep an eye on this company as its earnings continue to improve and its presence in the markets grows.
Earnings
In the earning report of FY2023 Q4 ending March 31 2021, CIRRUS LOGIC earned 293.54M USD in total revenue and 25.28M USD in net income, representing a 40.1% decrease in total revenue and a 73.8% decrease in net income compared to the previous year. Despite this setback, CIRRUS LOGIC’s total revenue has grown from 293.54M USD to 372.82M USD in the last three years.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Cirrus Logic. More…
| Total Revenues | Net Income | Net Margin |
| 1.9k | 176.7 | 12.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Cirrus Logic. More…
| Operations | Investing | Financing |
| 339.57 | -33.33 | -230.27 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Cirrus Logic. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.06k | 405.68 | 31.09 |
Key Ratios Snapshot
Some of the financial key ratios for Cirrus Logic are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.0% | 20.9% | 18.2% |
| FCF Margin | ROE | ROA |
| 16.0% | 12.8% | 10.5% |
Price History
Defense World reported that on Friday, CIRRUS LOGIC, Inc. opened at $78.0 and closed at $77.9, up by 0.9% from the previous closing price of 77.1. This forecast for the upcoming quarter comes as CIRRUS LOGIC, Inc. continues to invest in strategic growth initiatives and new product launches. With these investments, the company is looking to expand its portfolio of products and services to better serve its customers. Live Quote…
Analysis
GoodWhale can help analyze CIRRUS LOGIC‘s financials. Our star chart shows that CIRRUS LOGIC is strong in asset, profitability, and medium in growth, but weak in dividend. We classify CIRRUS LOGIC as a ‘rhino’ type of company, which has achieved moderate revenue or earnings growth. Such companies may be attractive to investors with a conservative investment strategy, who are looking for a long term, steady return. Additionally, CIRRUS LOGIC has a high health score of 10/10 with regard to its cashflows and debt, which indicates that it is capable to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The company’s competitors include Sequans Communications SA, United Microelectronics Corp, and Globetronics Technology Bhd.
– Sequans Communications SA ($NYSE:SQNS)
Sequans Communications S.A. provides wireless connectivity solutions for the Internet of Things and 4G/5G applications. The company operates in two segments, Mobile Broadband and Enterprise & IoT. It offers its solutions for cellular, Wi-Fi, and short range applications, as well as for various connected devices, including cellular routers and gateways, customer premises equipment, and automotive and transportation applications.
– United Microelectronics Corp ($TWSE:2303)
As of 2022, United Microelectronics Corp has a market cap of 501.15B and a Return on Equity of 18.27%. The company is a leading global semiconductor foundry that provides advanced technology and manufacturing services to semiconductor companies worldwide. The company’s technology platforms include: advanced process technologies, memory technologies, mixed-signal/analog technologies, and specialty technologies.
– Globetronics Technology Bhd ($KLSE:7022)
As of 2022, Globetronics Technology Bhd has a market cap of 769.86M and a Return on Equity of 11.1%. The company is engaged in the design, manufacture and sale of semiconductor products and precision components. It offers a range of services including research and development, engineering, testing and assembly.
Summary
Cirrus Logic, Inc. is expected to post third quarter 2024 earnings of $1.68 per share, according to analysts. Investors should carefully consider the company’s strong fundamentals and attractive technicals when making an investment decision.
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