Surging Earnings Estimates Signal Upside for Synaptics (SYNA) Stock

Synaptics (SYNA) appears an attractive pick given a noticeable improvement in the company’s earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.

externally-audited track record of outperformance, Click to get this free report

– Zacks

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this maker of touch-screen technology, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool — the Zacks Rank.

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.

For Synaptics, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.

The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:

12 Month EPS

externally-audited track record of outperformance, Click to get this free report

Current-Quarter Estimate Revisions

The company is expected to earn $3.06 per share for the current quarter, which represents a year-over-year change of +33.04%.

Over the last 30 days, two estimates have moved higher for Synaptics compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 12.99%.

Current-Year Estimate Revisions

The company is expected to earn $11.04 per share for the full year, which represents a change of +33.66% from the prior-year number.

In terms of estimate revisions, the trend for the current year also appears quite encouraging for Synaptics. Over the past month, four estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 7.23%.

Favorable Zacks Rank

Thanks to promising estimate revisions, Synaptics currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.

Bottom Line

Synaptics shares have added 39.7% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.


Investor Alert: Legal Marijuana Looking for big gains?

Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028.

After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0%

You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.

Today, Download Marijuana Moneymakers FREE >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

Synaptics Incorporated (SYNA): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

News Related

OTHER NEWS

Endeavour Silver (EXK) Provides '22 Production & Cost View

Endeavour Silver Corporation EXK expects to produce silver to be 4.2-4.8 million ounces in 2022 and gold between 31,000 ounces and 35,000 ounces. Silver equivalent production is projected between 6.7 ... Read more »

Lincoln National (LNC) Launches Enhanced Version of AssetEdge

Lincoln National Corporation LNC recently introduced an upgradation of its Variable Universal Life (VUL) insurance policy Lincoln AssetEdge to offer substantial tax-advantaged growth in the policy cash value, varied range ... Read more »

Stocks making the biggest moves midday: Microsoft, Mattel, F5, DraftKings, Clorox and more

Barbie dolls for sale at a Target store.Scott Mlyn | CNBC Check out the companies making headlines in midday trading. Corning — Shares of the tech and specialty glass company ... Read more »

Explainer-Weakest link? Why Russian gas puts Europe in a bind over Ukraine

1 / 2Explainer-Weakest link? Why Russian gas puts Europe in a bind over UkraineFILE PHOTO: General view of gas station near border between Ukraine and Poland in settlement of Drozdovychi ... Read more »

3 Ways to Stay Family-Focused in the Face of a Demanding Career

It frequently seems that being successful in business means all of your time, patience and focus must be applied. After spending many years in the corporate world, some of them as ... Read more »

Over 80 lawmakers call on Biden to release memo outlining authority to cancel student debt

U.S. President Joe Biden arrives at the Oval Office of the White House after arriving on Marine One in Washington, D.C., on Monday, Jan. 10, 2022. Al Drago | Bloomberg ... Read more »

The Fashion Virtuoso

Before becoming a content creator, Aashna tried her hand out learning interior design. Her mind, however, always wandered towards Fashion and, she started posting pictures of her outfit on Instagram ... Read more »

Older workers who lack digital skills at risk of losing income. An initiative from Google and AARP aims to help change that

MoMo Productions | DigitalVision | Getty Images For older workers, keeping digital skills fresh can be the key to staying employed. Now, the AARP Foundation and Google's philanthropy arm, Google.org, ... Read more »

Powered by Joy: How (and Why) to Practice Self-Care Efficiently

In a culture where busyness is a virtue, prioritizing things that make us happy is treated as self-indulgent and selfish. Nataly Kogan learned the hard way that putting everything before ... Read more »

Free Webinar: Growing Employee Engagement During the Great Resignation

Every business today—whether yours is a small business or a large enterprise—is dealing with the organizational change of the “Great Resignation.” The effects of the persistent global pandemic have empowered ... Read more »

Take Advantage of This Easy and Effective Way to Improve Employee Experience

In the past year or two, there has been a notable move to employee experience (EX) as a new yardstick for organizational excellence. Although the concept has floated around since ... Read more »

Part of a SpaceX Rocket Is Going to Collide With the Moon

A SpaceX rocket is predicted to land on the moon — or at least a part of it. Constantinos Hinis | Getty Images Since 2015, a booster from a SpaceX Falcon 9 ... Read more »

Your Energy Is Like Currency. Invest It Wisely to See the Greatest Rewards.

A common problem company owners encounter is how and when to remove themselves from its daily processes. After all, heroic efforts have been made by these individuals to build a ... Read more »

Gary Vaynerchuk to Open World's First NFT Restaurant in NYC

NFTs have been exciting (and baffling) the world since they went mainstream in 2021; artist Beeple sold one of his pieces for $69 million at Christie’s, and household names like ... Read more »

Consumer watchdog signals broad crackdown on hidden fees for banks, credit cards

Rohit Chopra, director of the Consumer Financial Protection Bureau.Alex Edelman/Bloomberg via Getty Images The Consumer Financial Protection Bureau on Wednesday signaled a broad crackdown on hidden and excessive fees charged ... Read more »

How NFTs Have Changed Digital Art Forever

“Artists only get rich after they’re dead” is an old axiom that could be about to change. Non-fungible tokens (NFTs) provide artists, musicians, photographers and other content creators with digital protection ... Read more »

The 1 Question -- and 3 Answers -- That Speak Volumes about Your Company's Culture

When I am initially engaged by an organization to help it address deficiencies related to leadership competency and skills, I begin every engagement with a diagnostic, much like in medicine — a ... Read more »

HMRC: Thousands could be missing out on claiming £2,000 for childcare costs

UK prime minister Boris Johnson on a visit to the Monkey Puzzle Nursery in London, in March last year. HMRC has reminded working families they could be missing out on ... Read more »

There's still time for some retirement savers to claim an extra tax write-off

damircudic | E+ | Getty Images A lesser-known retirement savings incentive may make it easier for some Americans to set aside more money, and there's still time to qualify for ... Read more »

A ‘Medicaid annuity' may be a useful option when your spouse needs nursing home care

Terry Vine | DigitalVision | Getty Images It's not uncommon for older couples to reach a point when nursing home care is needed for one spouse — and the cost ... Read more »

Court blocks Namyang Dairy boss from pursuing side deal

Logos of Hahn & Co and Namyang Dairy ProductsThe Seoul Central District Court on Wednesday granted an injunction to local private equity firm Hahn & Co. to stop Namyang Dairy ... Read more »

Northern Ireland's climate bill risks wiping out thousands of farmers, MPs warned

Northern Ireland is the only part of the UK and Ireland without a climate change act. Photo: Nathan Frandino/Reuters Northern Ireland’s plans to achieve net zero carbon emissions by 2045 ... Read more »

2 FTSE 100 stocks to buy now

Chart showing an upwards trend, possibly in the FTSE 100 Key points Two FTSE 100 stocks for a global recovery The copper price is up 22% in a year A ... Read more »

Is FTSE 100 share Barclays too cheap for me to miss?

Screen of price moves in the FTSE 100 There have been some bumps along the way, but Britain’s banks have gained decent ground over the past year. Take Barclays (LSE: ... Read more »

EU challenges Egypt at WTO over import registration

World Trade Organization (WTO) in Geneva BRUSSELS (Reuters) – The European Union launched a challenge at the World Trade Organization against Egypt on Wednesday over an import registration system the ... Read more »

Chinese giant Baidu and automaker Geely put nearly $400 million more into their electric car venture

An outline of Jidu's concept car is pictured here. Jidu is the electric car company set up by Chinese internet giant Baidu and automaker Geely. Jidu plans to begin mass ... Read more »

The best FTSE 100 shares to beat 2022 inflation

One English pound placed on a graph to represent an economic down turn Beating inflation is a solid investment goal for 2022, with costs having risen 5.4% in the year ... Read more »

SSB: Fewer bankruptcies reported in Norway in 2021

A total of 3,325 bankruptcies were initiated in Norway in 2021, a decrease of 19% from the previous year. Compared with 2019, i.e., before the pandemic, the decline is 34%. ... Read more »

Audio Pro addon C5A speaker review: Does it sound as good as it looks?

Over the course of two weeks we tested the speaker’s sound for everything from Spotify to audiobooks and live radio (iStock/The Independent) Audio Pro’s C5A speaker sits right in the ... Read more »

Here's why I think the Royal Mail share price is 70% undervalued

Close-up of British bank notes The Royal Mail (LSE: RMG) share price has been a standout performer over the past couple of years. From a low of 124p printed at ... Read more »

Chinese companies boost overseas investment in consumer products, EV supply chain

Chinese battery giant Contemporary Amperex Technology (CATL), pictured here on April 2, 2020, broke ground on its first overseas factory in Germany in late 2019 and plans to add up ... Read more »

Goldman Leads Fever's $227 Million Round Ahead of Possible IPO

(Bloomberg) — Live events platform Fever raised $227 million in a funding round led by Goldman Sachs Group Inc., a sign that post-pandemic live events can attract investor interest. Most ... Read more »

Natural decline in population hits all-time high in November

This posting at a community center in Jamsil-dong, Seoul, earlier this month informs residents of government policy to offer 2 million won ($1,670) to households with newborns. (Yonhap)SEJONG — South ... Read more »

Klarna: ‘buy now, pay later' firm to launch card in the UK

“Buy now, pay later” giant Klarna is putting further pressure on banks and credit card firms by launching its first physical card in the UK. The card will allow customers ... Read more »

Tissue maker Essity's profit tumbles as input and distribution costs bite

FILE PHOTO: Essity sign is seen in Stockholm STOCKHOLM (Reuters) –Hygiene products group Essity on Wednesday reported a bigger-than-expected drop in fourth-quarter profit and said it planned to raise prices ... Read more »

Daily FX turnover hits record high in 2021 amid brisk exports, stock investment

SEOUL, Jan. 26 (Yonhap) — The daily foreign exchange (FX) trading by banks in South Korea hit a record high in 2021 amid increased demand from strong exports, imports and ... Read more »

Mauritius-based PEs on taxman's radar, at least 7 get notices

The Indian tax office has asked several Mauritius-based private equity (PE) funds to share their minutes of board meetings, deal agreements, residency and addresses of directors, and names of ultimate ... Read more »

Master a Foreign Language and Save Up to 60 Percent with Babbel Language Learning

If you want a serious advantage over almost everybody you know and work with, there’s an easy step to take to set yourself apart: learning another language. For years, foreign ... Read more »

Dow futures fall 160 points after another wild ride on Wall Street, Fed meeting in focus

Stock futures fell Tuesday night, following another wild session for the market. Dow Jones Industrial Average futures dropped 168 points, or 0.5%. S&P 500 futures slid 0.7%, and Nasdaq 100 ... Read more »

The COVID-19 pandemic offers an opportunity to make a healthy shift in body ideals

The COVID-19 pandemic has changed everyday life for many people in both trivial and profound ways. Embracing pants without a waistband, trying out creative baking – and perhaps spending a ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic