Earnings Preview For Allegro Microsystems
Portfolio Pulse from Benzinga Insights
Allegro Microsystems (NASDAQ:ALGM) is set to release its latest quarterly earnings report on August 1, 2023. Analysts estimate an earnings per share (EPS) of $0.37. The company's past performance shows a trend of beating EPS estimates and subsequent increases in share price. The stock is currently trading at $50.84, up 103.78% over the last 52-week period.
July 31, 2023 | 5:02 pm
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Allegro Microsystems is expected to report an EPS of $0.37 in its upcoming earnings. The company has a history of beating EPS estimates, which has typically led to increases in share price. The stock has seen a significant increase over the past year.
Allegro Microsystems has a history of beating EPS estimates, which has typically led to increases in its share price. Given this trend and the positive analyst estimate for the upcoming earnings, it is likely that the stock will continue to perform well in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100