• Cirrus Logic Inc CRUS.OQ reported quarterly adjusted earnings of $2.51​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of $2.89. The mean expectation of eight analysts for the quarter was for earnings of $2.12 per share. Wall Street expected results to range from $2.03 to $2.72 per share.

• Revenue fell 10.2% to $555.74 million from a year ago; analysts expected $510.31 million.

• Cirrus Logic Inc's reported EPS for the quarter was $2.11​.

• The company reported quarterly net income of $116.01 million.

• Cirrus Logic Inc shares had fallen by 0.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the semiconductors peer group is also "buy"

Wall Street's median 12-month price target for Cirrus Logic Inc is $135.00

This summary was machine generated from LSEG data February 4 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)