Analog Devices Inc <ADI.OQ> expected to post earnings of $1.64 a share - Earnings Preview
Analog Devices Inc ADI.OQ ADI.O is expected to show a fall in quarterly revenue when it reports results on November 26 for the period ending October 31 2024
The Wilmington Massachusetts-based company is expected to report a 11.5% decrease in revenue to $2.404 billion from $2.72 billion a year ago, according to the mean estimate from 24 analysts, based on LSEG data.The company's guidance on August 21 2024, for the period ended October 31, was for revenue between $2.30 billion and $2.50 billion.
LSEG's mean analyst estimate for Analog Devices Inc is for earnings of $1.64 per share. The company's EPS guidance on August 21 2024, for the period ended October 31, was between $1.53 and $1.73
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy," 13 "hold" and no "sell" or "strong sell."
The mean earnings estimate of analysts was unchanged in the last three months.
Wall Street's median 12-month price target for Analog Devices Inc is $250.00, above its last closing price of $213.96.
The company's guidance on August 21 2024 for the period ended October 31 was for Earnings before Interest and Taxes between USD920 million and USD1.05 billion.
Previous quarterly performance (using preferred earnings measure in US dollars).
QUARTER ENDING | STARMINESMARTESTIMATE® | LSEG IBES ESTIMATE | ACTUAL | BEAT, MET, MISSED | SURPRISE % |
Jul. 31 2024 | 1.51 | 1.51 | 1.58 | Beat | 4.9 |
Apr. 30 2024 | 1.27 | 1.26 | 1.40 | Beat | 10.7 |
Jan. 31 2024 | 1.71 | 1.71 | 1.73 | Beat | 1.5 |
Oct. 31 2023 | 2.00 | 2.00 | 2.01 | Beat | 0.4 |
Jul. 31 2023 | 2.52 | 2.52 | 2.49 | Missed | -1.2 |
Apr. 30 2023 | 2.75 | 2.75 | 2.83 | Beat | 2.9 |
Jan. 31 2023 | 2.61 | 2.60 | 2.75 | Beat | 5.7 |
Oct. 31 2022 | 2.59 | 2.58 | 2.73 | Beat | 5.7 |
This summary was machine generated November 22 at 12:02 GMT. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
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