Benzinga | Jan 28, 2022 10:18AM EST

Cirrus Logic Earnings Preview

Cirrus Logic (NASDAQ:CRUS) is set to give its latest quarterly earnings report on Monday, 2022-01-31. Here's what investors need to know before the announcement.

Analysts estimate that Cirrus Logic will likely report an Earnings Per Share (EPS) of $2.14.

Cirrus Logic bulls will hope to hear the company to announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company beat EPS by $0.19, which was followed by a 1.02% drop in the share price the next day.

Here's a look at Cirrus Logic's past performance and the resulting price change:

Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 1.63 0.40 0.71 1.86EPS Actual 1.82 0.54 0.66 2.13Price Change % -1.02% -2.69% -13.72% -8.12%

Stock Performance

Shares of Cirrus Logic were trading at $82.83 as of January 27. Over the last 52-week period, shares are down 15.86%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release.

To track all upcoming earnings announcements, click here to use Benzinga Earnings Calendar.