We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q3 Potential of Analog Devices (ADI): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Analog Devices (ADI - Free Report) will announce quarterly earnings of $3.33 per share in its forthcoming report, representing an increase of 62.4% year over year. Revenues are projected to reach $3.92 billion, increasing 36.2% from the same quarter last year.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Analog Devices metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue by end market- Consumer' reaching $386.06 million. The estimate indicates a year-over-year change of +3.7%.
It is projected by analysts that the 'Revenue by end market- Communications' will reach $637.28 million. The estimate suggests a change of +71.1% year over year.
Analysts forecast 'Revenue by end market- Automotive' to reach $940.89 million. The estimate indicates a change of +10.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue by end market- Industrial' should arrive at $1.95 billion. The estimate suggests a change of +51.4% year over year.
Over the past month, shares of Analog Devices have returned +0.2% versus the Zacks S&P 500 composite's +3.8% change. Currently, ADI carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
Image: Bigstock
Unlocking Q3 Potential of Analog Devices (ADI): Exploring Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Analog Devices (ADI - Free Report) will announce quarterly earnings of $3.33 per share in its forthcoming report, representing an increase of 62.4% year over year. Revenues are projected to reach $3.92 billion, increasing 36.2% from the same quarter last year.
The current level reflects a downward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Analog Devices metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue by end market- Consumer' reaching $386.06 million. The estimate indicates a year-over-year change of +3.7%.
It is projected by analysts that the 'Revenue by end market- Communications' will reach $637.28 million. The estimate suggests a change of +71.1% year over year.
Analysts forecast 'Revenue by end market- Automotive' to reach $940.89 million. The estimate indicates a change of +10.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenue by end market- Industrial' should arrive at $1.95 billion. The estimate suggests a change of +51.4% year over year.
View all Key Company Metrics for Analog Devices here>>>Over the past month, shares of Analog Devices have returned +0.2% versus the Zacks S&P 500 composite's +3.8% change. Currently, ADI carries a Zacks Rank #2 (Buy), suggesting that it may outperform. the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .