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Analog Devices (ADI) Rises Higher Than Market: Key Facts
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Analog Devices (ADI - Free Report) ended the recent trading session at $405.96, demonstrating a +2.24% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.05%.
The semiconductor maker's stock has climbed by 1.71% in the past month, exceeding the Computer and Technology sector's loss of 2.67% and the S&P 500's gain of 0.97%.
The investment community will be paying close attention to the earnings performance of Analog Devices in its upcoming release. It is anticipated that the company will report an EPS of $3.89, marking a 72.12% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.32 billion, indicating a 40.58% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13 per share and a revenue of $15.13 billion, representing changes of +66.88% and +37.25%, respectively, from the prior year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, there's been a 0.31% rise in the Zacks Consensus EPS estimate. Right now, Analog Devices possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Analog Devices is presently being traded at a Forward P/E ratio of 30.55. This represents a discount compared to its industry average Forward P/E of 31.25.
It's also important to note that ADI currently trades at a PEG ratio of 1.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ADI's industry had an average PEG ratio of 0.73 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 9% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ADI in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Analog Devices (ADI) Rises Higher Than Market: Key Facts
Analog Devices (ADI - Free Report) ended the recent trading session at $405.96, demonstrating a +2.24% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.69%, and the tech-heavy Nasdaq gained 1.05%.
The semiconductor maker's stock has climbed by 1.71% in the past month, exceeding the Computer and Technology sector's loss of 2.67% and the S&P 500's gain of 0.97%.
The investment community will be paying close attention to the earnings performance of Analog Devices in its upcoming release. It is anticipated that the company will report an EPS of $3.89, marking a 72.12% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $4.32 billion, indicating a 40.58% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $13 per share and a revenue of $15.13 billion, representing changes of +66.88% and +37.25%, respectively, from the prior year.
Investors should also note any 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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, there's been a 0.31% rise in the Zacks Consensus EPS estimate. Right now, Analog Devices possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Analog Devices is presently being traded at a Forward P/E ratio of 30.55. This represents a discount compared to its industry average Forward P/E of 31.25.
It's also important to note that ADI currently trades at a PEG ratio of 1.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ADI's industry had an average PEG ratio of 0.73 as of yesterday's close.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 20, this industry ranks in the top 9% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ADI in the coming trading sessions, be sure to utilize Zacks.com.