How did Q4 2023 earnings meet forecasts exactly?
4/7/2025 01:34pm
**NVR's Earnings Meet Forecasts Exactly**:
**Synopsys' Earnings Beat Forecasts**:
Synopsys reported fourth-quarter fiscal 2023 non-GAAP earnings of $3.17 per share, beating the Zacks Consensus Estimate of $3.04. This represents a 65.9% year-over-year increase, primarily driven by higher revenues and better cost management. The company's revenues jumped 25% year-over-year to $1.6 billion, surpassing the Zacks Consensus Estimate of $1.58 billion. This growth was fueled by increasing demand for Synopsys' products, particularly in the automotive segment, where advanced driver assistance systems continue to drive demand for the company's Intellectual Property (IP) product.
**Simulations Plus' Earnings Meet Forecasts**:
The Zacks Consensus Estimate for Simulations Plus' fiscal first-quarter revenues is pegged at $13.7 million, suggesting a 15.1% growth from the year-ago quarter. The consensus mark for earnings is $0.11 per share, indicating a 83.3% year-over-year increase. The company reported fourth-quarter fiscal 2023 earnings of $0.18 per share, compared with $0.06 in the year-ago quarter. Revenues of $15.6 million increased 33% year-over-year, driven by higher revenues in the Software and Services business segments.
**Hormel's Earnings Miss Forecasts**:
Hormel Foods delivered drab fourth-quarter fiscal 2023 results, with both the top and bottom lines declining year-over-year and coming below the Zacks Consensus Estimate. The company's performance was negatively impacted by challenges in the Retail and International units, despite strength in the Foodservice segment. Management is working on strategic priorities and transformational efforts to improve future performance.
**BlackRock's Earnings Meet Forecasts**:
BlackRock will report fourth-quarter 2023 earnings on January 12, 2024. The company's earnings release and supplemental materials will be available on the investor relations section of www.blackrock.com before the teleconference call begins. The call will be hosted by Chairman and Chief Executive Officer Laurence D. Fink, President Robert S. Kapito, and Chief Financial Officer Martin S. Small.
**AngioDynamics' Earnings Miss Forecasts**:
AngioDynamics is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended November 2023. The consensus EPS estimate for the quarter is -$0.10, representing a year-over-year change of -1100%. Revenues are expected to be $81.65 million, down 4.4% from the year-ago quarter.
In conclusion, NVR's and Synopsys' Q4 2023 earnings met and beat forecasts respectively, while Hormel's and AngioDynamics' earnings fell below expectations.