• Synopsys Inc SNPS.OQ reported quarterly adjusted earnings of $3.03​​ per share for the quarter ended January 31, lower than the same quarter last year, when the company reported EPS of $3.38. The mean expectation of thirteen analysts for the quarter was for earnings of $2.84 per share. Wall Street expected results to range from $2.77 to $3.40 per share.

• Revenue fell 3.7% to $1.46 billion from a year ago; analysts expected $1.47 billion.

• Synopsys Inc's reported EPS for the quarter was $1.89​.

• The company reported quarterly net income of $295.68 million.

• Synopsys Inc shares had fallen by 5.6% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 19.6% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Synopsys Inc is $645.00

This summary was machine generated from LSEG data February 27 at 01:08 a.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)