Synacor, Inc. (SYNC) Set to Announce Quarterly Earnings on Tuesday
Synacor, Inc. (NASDAQ:SYNC) is set to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
Synacor (NASDAQ:SYNC) last issued its quarterly earnings data on Wednesday, May 10th. The information services provider reported ($0.21) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.20) by $0.01. Synacor had a negative net margin of 12.80% and a negative return on equity of 39.99%. The company had revenue of $26.50 million during the quarter, compared to analyst estimates of $27.31 million. Synacor’s revenue was down 12.5% on a year-over-year basis. On average, analysts expect Synacor to post $-0.1 EPS for the current fiscal year and $0.22 EPS for the next fiscal year.
Synacor, Inc. (NASDAQ:SYNC) opened at 3.65 on Tuesday. The company has a 50 day moving average price of $3.59 and a 200 day moving average price of $3.43. Synacor, Inc. has a 52 week low of $2.51 and a 52 week high of $4.25. The stock’s market cap is $138.77 million.
A number of equities research analysts recently commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $5.50 price objective on shares of Synacor in a research report on Thursday, May 11th. Zacks Investment Research upgraded shares of Synacor from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research report on Wednesday, May 10th. Rosenblatt Securities restated a “buy” rating and issued a $5.50 price objective on shares of Synacor in a research report on Tuesday, April 18th. Craig Hallum assumed coverage on shares of Synacor in a research report on Monday, March 27th. They issued a “buy” rating and a $5.00 price objective for the company. Finally, ValuEngine upgraded shares of Synacor from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $5.10.
Synacor Company Profile
Synacor, Inc is a technology development, multiplatform services and revenue partner for video, Internet and communications providers, device manufacturers and enterprises. The Company enables its customers to provide their consumers engaging, multiscreen experiences with products that require scale, actionable data and implementation.
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