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Analog Devices (ADI) Beats Stock Market Upswing: What Investors Need to Know
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Analog Devices (ADI - Free Report) closed at $327.36 in the latest trading session, marking a +2.83% move from the prior day. This change outpaced the S&P 500's 0.44% gain on the day. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.54%.
Prior to today's trading, shares of the semiconductor maker had gained 0.8% outpaced the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Analog Devices in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.83, indicating a 52.97% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.51 billion, indicating a 32.99% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.22 per share and revenue of $13.79 billion. These totals would mark changes of +44.03% and +25.14%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Analog Devices presently features a Zacks Rank of #2 (Buy).
Looking at its valuation, Analog Devices is holding a Forward P/E ratio of 28.38. For comparison, its industry has an average Forward P/E of 28.38, which means Analog Devices is trading at no noticeable deviation to the group.
Meanwhile, ADI's PEG ratio is currently 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 38, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Analog Devices (ADI) Beats Stock Market Upswing: What Investors Need to Know
Analog Devices (ADI - Free Report) closed at $327.36 in the latest trading session, marking a +2.83% move from the prior day. This change outpaced the S&P 500's 0.44% gain on the day. On the other hand, the Dow registered a gain of 0.36%, and the technology-centric Nasdaq increased by 0.54%.
Prior to today's trading, shares of the semiconductor maker had gained 0.8% outpaced the Computer and Technology sector's loss of 2.47% and the S&P 500's loss of 3.31%.
Analysts and investors alike will be keeping a close eye on the performance of Analog Devices in its upcoming earnings disclosure. The company is predicted to post an EPS of $2.83, indicating a 52.97% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.51 billion, indicating a 32.99% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $11.22 per share and revenue of $13.79 billion. These totals would mark changes of +44.03% and +25.14%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Analog Devices presently features a Zacks Rank of #2 (Buy).
Looking at its valuation, Analog Devices is holding a Forward P/E ratio of 28.38. For comparison, its industry has an average Forward P/E of 28.38, which means Analog Devices is trading at no noticeable deviation to the group.
Meanwhile, ADI's PEG ratio is currently 1.46. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Semiconductor - Analog and Mixed stocks are, on average, holding a PEG ratio of 0.78 based on yesterday's closing prices.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 38, putting it in the top 16% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.