JUMP REPORT
Avg Daily Volume: 749,163 Market Cap: 4.81B
Sector: Technology Short Interest: 8.51
EARNINGS EXPECTATIONS:
THIS QTR: EPS: 1.13/share REV: 346.49/M
___________________________________________________________
LAST QTR: EPS: .99/share ACTUAL: 1.55/share (BEAT)
____________________________________________________________
NEXT QTR: EPS: .37/share REV: 245.68/M
______________________________________________________
FULL YR: EPS: 3.40/share REV: 1,220/M
______________________________________________________
*These are the base metrics we will be watching against the actual release numbers
______________________________________________________
BEAT/MISS RECORD: 81% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 18.45, 22.32, -3.47
EXPECTED JUMP MOVE: 10%
Links To Latest News and Headlines
Joining me on today’s call is John Forsyth, Cirrus Logic’s Chief Executive Officer; and Chelsea Heffernan, our Director of Investor Relations. Today, we announced our financial results for the first quarter of fiscal year 2022 at approximately 4:00 p.m. Eastern.
Cirrus Logic (CRUS) delivered earnings and revenue surprises of 38.46% and 6.31%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
AUSTIN, Texas, July 28, 2021–Cirrus Logic, Inc. (Nasdaq: CRUS) today posted on its website at http://investor.cirrus.com the quarterly Shareholder Letter that contains the complete financial results for the first quarter fiscal year 2022, which ended June 26, 2021, as well as the company’s current business outlook.
Cirrus Logic (CRUS) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of the Apple (NASDAQ: AAPL) supplier have gained impressive momentum since the beginning of May, and are now trading at around $85. Cirrus Logic gets most of its revenue from selling audio chips that are deployed in various Apple products, such as iPhones and iPads. In Q4 FY21, Apple accounted for 76% of its total revenue.
StockJumpers analysis and trade plans are uploaded generally 1 HOUR BEFORE MARKET CLOSE (3PM EST) for most events.
“I’m sorry, this content is for members only. To access this content, you must log in with your membership credentials – OR if you are not a member yet, visit our registration page here and get signed up Looking forward to having you on-board ASAP”
There is a significant amount of data behind the scenes involved in the analysis and trade plan tab above, that does not get put into the report. Too much information for traders often confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.
NOTICE: All data on this site has been published for informational and educational purposes only and does not constitute an offer to sell nor a solicitation of an offer to buy any security which may be referenced here or in our websites. StockJumpers is not an Investment Adviser and relies on the publisher’s exemption as defined in Section 401(f) of the Uniform Securities Act, and provides no personal advice or recommendations. The services and published information contained herein is for non-commercial, educational use and display. StockJumpers and any of its affiliates does not represent that the securities or services discussed are suitable for any investor. You should assume that StockJumpers and or its management has or will take a position in the stock, whether it is stated or not. You are further advised not to rely on any information contained in this report and associated websites in the process of making a fully informed investment decision. Trading is risky and you can lose your investment. For the complete risk disclosure and other legal information please review the full Terms of Use Agreement.