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Analog Devices (ADI) Dips More Than Broader Market: What You Should Know
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In the latest close session, Analog Devices (ADI - Free Report) was down 2.36% at $383.32. This change lagged the S&P 500's 0.49% loss on the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
The stock of semiconductor maker has risen by 29.52% in the past month, leading the Computer and Technology sector's gain of 21.92% and the S&P 500's gain of 12.8%.
Analysts and investors alike will be keeping a close eye on the performance of Analog Devices in its upcoming earnings disclosure. The company's earnings report is set to go public on May 20, 2026. The company is predicted to post an EPS of $2.88, indicating a 55.68% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.51 billion, indicating a 32.99% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $11.35 per share and a revenue of $13.91 billion, demonstrating changes of +45.7% and +26.26%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Analog Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.19% increase. Analog Devices is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Analog Devices is currently trading at a Forward P/E ratio of 34.59. This indicates a discount in contrast to its industry's Forward P/E of 46.04.
It's also important to note that ADI currently trades at a PEG ratio of 1.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 1.1 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Analog Devices (ADI) Dips More Than Broader Market: What You Should Know
In the latest close session, Analog Devices (ADI - Free Report) was down 2.36% at $383.32. This change lagged the S&P 500's 0.49% loss on the day. At the same time, the Dow lost 0.05%, and the tech-heavy Nasdaq lost 0.9%.
The stock of semiconductor maker has risen by 29.52% in the past month, leading the Computer and Technology sector's gain of 21.92% and the S&P 500's gain of 12.8%.
Analysts and investors alike will be keeping a close eye on the performance of Analog Devices in its upcoming earnings disclosure. The company's earnings report is set to go public on May 20, 2026. The company is predicted to post an EPS of $2.88, indicating a 55.68% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.51 billion, indicating a 32.99% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $11.35 per share and a revenue of $13.91 billion, demonstrating changes of +45.7% and +26.26%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Analog Devices. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.19% increase. Analog Devices is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Analog Devices is currently trading at a Forward P/E ratio of 34.59. This indicates a discount in contrast to its industry's Forward P/E of 46.04.
It's also important to note that ADI currently trades at a PEG ratio of 1.58. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Semiconductor - Analog and Mixed industry had an average PEG ratio of 1.1 as trading concluded yesterday.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.