The heavy selling pressure might have exhausted for Cirrus Logic (CRUS) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
CRUS' fiscal Q2 2025 performance benefits from the continued momentum of Audio and High-performance mixed-signal products.
Cirrus Logic, Inc. (NASDAQ:CRUS ) Q2 2025 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Chelsea Heffernan - Vice President, Investor Relations John Forsyth - President and Chief Executive Officer Ulf Habermann - Interim Chief Financial Officer Conference Call Participants Christopher Rolland - Susquehanna Tore Svanberg - Stiefel Thomas O'Malley - Barclays Ananda Baruah - Loop Capital Operator Ladies and gentlemen, thank you for standing by. Welcome to the Cirrus Logic Second Quarter Fiscal Year 2025 Financial Results Q&A Session.
Cirrus Logic (CRUS) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.03 per share. This compares to earnings of $1.80 per share a year ago.
Cirrus Logic (CRUS) possesses solid growth attributes, which could help it handily outperform the market.
The strong demand for generative AI smartphones and this company's tight relationship with a key smartphone manufacturer point toward better times.
Cirrus Logic (CRUS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
CRUS' performance benefits from the increasing demand for its solutions. However, a weak macro backdrop, volatile forex and higher costs are concerns.
Cirrus Logic's stock dropped due to mixed news, but savvy investors should discern between real and misleading reports, presenting a buying opportunity. Despite Barclays' downgrade, Cirrus has strong future prospects with potential earnings growth from new iPhone components and smart power conversion. Cirrus' earnings could grow towards $11 per share, making the stock extremely cheap with a P/E under 10 and a price target of $120.
Here is how Cirrus Logic (CRUS) and Itron (ITRI) have performed compared to their sector so far this year.
CRUS??? performance benefits from the increasing demand for its solutions. However, a weak macro backdrop, volatile FX and higher costs are concerns.
Cirrus Logic (CRUS) reported earnings 30 days ago. What's next for the stock?