Preview: Analog Devices's Earnings
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) is expected to release its quarterly earnings report on Tuesday, 2023-11-21, with an estimated EPS of $2.00. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ADI's stock price has been sensitive to earnings performance and guidance. Last quarter, ADI missed EPS estimates by $0.03, resulting in a 2.14% share price drop. Over the last year, ADI shares have increased by 9.13%, trading at $183.05 as of November 17.
November 20, 2023 | 2:00 pm
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NEUTRAL IMPACT
Analog Devices is anticipated to report quarterly earnings with an EPS estimate of $2.00. Investors are focused on earnings performance and future guidance, which historically impacts ADI's stock price.
The short-term impact on ADI's stock price will likely hinge on whether the company beats the EPS estimate and provides strong future guidance. Historical data shows that ADI's stock is sensitive to earnings performance, but the overall positive trend over the past year suggests a neutral score until actual earnings and guidance are revealed.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100