Analog Devices Projects Q1 Revenue of $2.5B, +/- $100M Vs $2.68B Est, Adj EPS of $1.70, +/- $0.10 Vs $1.9 Est
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (ADI) forecasts Q1 revenue of $2.5 billion, which is lower than the estimated $2.68 billion. The company also projects adjusted EPS of $1.70, below the estimated $1.9. This outlook includes the benefit of an extra week in the quarter, with expected reported operating margin of 23.1% and adjusted operating margin of 41.5%.
November 21, 2023 | 12:04 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Analog Devices projects lower-than-expected Q1 revenue and adjusted EPS, potentially impacting investor confidence and stock price negatively in the short term.
The projected revenue and EPS are both below analysts' estimates, which can often lead to a negative investor reaction and a decrease in stock price in the short term. The fact that these projections include the benefit of an extra week but still fall short of expectations may further concern investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100