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Analog Devices (ADI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
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Analog Devices (ADI - Free Report) reported $3.08 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 1.1%. EPS of $2.49 for the same period compares to $2.52 a year ago.
The reported revenue represents a surprise of -0.54% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $2.53, the EPS surprise was -1.58%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Analog Devices performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Consumer: $319.24 million compared to the $292.43 million average estimate based on seven analysts. The reported number represents a change of -21.2% year over year.
Revenue- Communications: $380.50 million versus the seven-analyst average estimate of $414.28 million. The reported number represents a year-over-year change of -22.5%.
Revenue- Automotive: $747.55 million versus $737.78 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.
Revenue- Industrial: $1.63 billion compared to the $1.65 billion average estimate based on seven analysts. The reported number represents a change of +4.8% year over year.
Shares of Analog Devices have returned -9.7% over the past month versus the Zacks S&P 500 composite's -3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Analog Devices (ADI) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Analog Devices (ADI - Free Report) reported $3.08 billion in revenue for the quarter ended July 2023, representing a year-over-year decline of 1.1%. EPS of $2.49 for the same period compares to $2.52 a year ago.
The reported revenue represents a surprise of -0.54% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $2.53, the EPS surprise was -1.58%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Analog Devices performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Consumer: $319.24 million compared to the $292.43 million average estimate based on seven analysts. The reported number represents a change of -21.2% year over year.
- Revenue- Communications: $380.50 million versus the seven-analyst average estimate of $414.28 million. The reported number represents a year-over-year change of -22.5%.
- Revenue- Automotive: $747.55 million versus $737.78 million estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.4% change.
- Revenue- Industrial: $1.63 billion compared to the $1.65 billion average estimate based on seven analysts. The reported number represents a change of +4.8% year over year.
View all Key Company Metrics for Analog Devices here>>>Shares of Analog Devices have returned -9.7% over the past month versus the Zacks S&P 500 composite's -3.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.