Analog Devices Inc. (ADI - Free Report) is a leading supplier of analog and DSP integrated circuits. ADI is solidly positioned in growth markets like industrial, auto and communication. Also its products continue to see very strong deployment in the emerging automotive market.
The company has a well-diversified business and an end-market focus that guarantee relatively steady revenues throughout the year. Furthermore, Analog Devices is investing heavily in the health sector and working with several of the world's leading research institutions and system OEMs to improve performance, impact and affordability of medical electronics devices which we believe will drive its revenues over the long run.
Due to this, investors are eagerly awaiting Analog Devices’ earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed 8 upward estimate revisions for the to-be-reported quarter.
Currently, ADI has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:ADI reported earnings of 77 cents which exceeded The Zacks Consensus Estimate of 76 cents.
Revenue:Analog Devices beats on revenues. It posted revenues of $869.6 million, compared to our consensus estimate of $852.5 million.
Key Stats:The company’s top-line performance was positively impacted by stable industrial, automotive, and communications infrastructure markets.
Check back later for our full write up on this AME earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Analog Devices Inc. (ADI - Free Report) is a leading supplier of analog and DSP integrated circuits. ADI is solidly positioned in growth markets like industrial, auto and communication. Also its products continue to see very strong deployment in the emerging automotive market.
The company has a well-diversified business and an end-market focus that guarantee relatively steady revenues throughout the year. Furthermore, Analog Devices is investing heavily in the health sector and working with several of the world's leading research institutions and system OEMs to improve performance, impact and affordability of medical electronics devices which we believe will drive its revenues over the long run.
Due to this, investors are eagerly awaiting Analog Devices’ earnings report in order to set the record straight and to give some guidance on where this company is heading and are these factors effectively contributing.
Over the past month, the stock has witnessed 8 upward estimate revisions for the to-be-reported quarter.
Currently, ADI has a Zacks Rank #3 (Hold), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:
Earnings:ADI reported earnings of 77 cents which exceeded The Zacks Consensus Estimate of 76 cents.
Revenue:Analog Devices beats on revenues. It posted revenues of $869.6 million, compared to our consensus estimate of $852.5 million.
Key Stats:The company’s top-line performance was positively impacted by stable industrial, automotive, and communications infrastructure markets.
Check back later for our full write up on this AME earnings report later!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on ADI - FREE