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Analog Devices (ADI) Stock Sinks As Market Gains: Here's Why
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In the latest close session, Analog Devices (ADI - Free Report) was down 3.23% at $406.24. The stock fell short of the S&P 500, which registered a gain of 1.58% for the day. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
The semiconductor maker's stock has dropped by 0.18% in the past month, exceeding the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
The investment community will be paying close attention to the earnings performance of Analog Devices in its upcoming release. The company is slated to reveal its earnings on November 24, 2026. The company is predicted to post an EPS of $3.89, indicating a 72.12% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.32 billion, up 40.58% from the prior-year quarter.
ADI's full-year Zacks Consensus Estimates are calling for earnings of $13 per share and revenue of $15.13 billion. These results would represent year-over-year changes of +66.88% and +37.27%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.6% higher. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Analog Devices's current valuation metrics, including its Forward P/E ratio of 25.33. This valuation marks a discount compared to its industry average Forward P/E of 27.75.
Meanwhile, ADI's PEG ratio is currently 1.01. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Semiconductor - Analog and Mixed industry was having an average PEG ratio of 0.66.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 11, this industry ranks in the top 5% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
View the Zacks #1 Rank List
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Analog Devices (ADI) Stock Sinks As Market Gains: Here's Why
In the latest close session, Analog Devices (ADI - Free Report) was down 3.23% at $406.24. The stock fell short of the S&P 500, which registered a gain of 1.58% for the day. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
The semiconductor maker's stock has dropped by 0.18% in the past month, exceeding the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
The investment community will be paying close attention to the earnings performance of Analog Devices in its upcoming release. The company is slated to reveal its earnings on November 24, 2026. The company is predicted to post an EPS of $3.89, indicating a 72.12% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.32 billion, up 40.58% from the prior-year quarter.
ADI's full-year Zacks Consensus Estimates are calling for earnings of $13 per share and revenue of $15.13 billion. These results would represent year-over-year changes of +66.88% and +37.27%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Analog Devices. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 1.6% higher. Analog Devices is currently sporting a Zacks Rank of #2 (Buy).
Investors should also note Analog Devices's current valuation metrics, including its Forward P/E ratio of 25.33. This valuation marks a discount compared to its industry average Forward P/E of 27.75.
Meanwhile, ADI's PEG ratio is currently 1.01. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Semiconductor - Analog and Mixed industry was having an average PEG ratio of 0.66.
The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 11, this industry ranks in the top 5% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.