Synacor, Inc. (SYNC) Scheduled to Post Earnings on Tuesday

Synacor, Inc. (NASDAQ:SYNC) is set to post its quarterly earnings results after the market closes on Tuesday, August 1st. Analysts expect Synacor to post earnings of ($0.12) per share for the quarter.

Synacor (NASDAQ:SYNC) last released its quarterly earnings results on Wednesday, May 10th. The information services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $26.50 million during the quarter, compared to analysts’ expectations of $27.31 million. The company’s revenue was down 12.5% compared to the same quarter last year. On average, analysts expect Synacor to post $-0.1 EPS for the current fiscal year and $0.22 EPS for the next fiscal year.

Shares of Synacor, Inc. (NASDAQ:SYNC) opened at 3.70 on Friday. The firm has a 50-day moving average price of $3.60 and a 200-day moving average price of $3.44. Synacor, Inc. has a 1-year low of $2.51 and a 1-year high of $4.25. The stock’s market capitalization is $140.67 million.

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SYNC has been the subject of several research reports. Rosenblatt Securities reissued a “buy” rating and issued a $5.50 target price on shares of Synacor in a report on Tuesday, April 18th. Canaccord Genuity initiated coverage on Synacor in a report on Tuesday, April 18th. They issued a “buy” rating and a $8.00 target price for the company. Zacks Investment Research raised Synacor from a “hold” rating to a “buy” rating and set a $4.00 target price for the company in a report on Wednesday, May 10th. TheStreet downgraded Synacor from a “c-” rating to a “d” rating in a report on Thursday, May 11th. Finally, ValuEngine raised Synacor from a “strong sell” rating to a “sell” rating in a report on Thursday, May 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price 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.

Earnings History for Synacor (NASDAQ:SYNC)

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