Recap: Analog Devices Q4 Earnings
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) reported Q4 earnings with an EPS of $2.01, slightly beating estimates by 0.5% but with a revenue decrease of $532 million from the previous year. Last quarter's EPS miss resulted in a 2.14% share price drop the following day. The company's past earnings performance shows fluctuations in EPS and revenue over the last four quarters.
November 21, 2023 | 12:05 pm
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NEUTRAL IMPACT
Analog Devices reported a slight beat on Q4 EPS estimates but saw a significant revenue drop from the same period last year. Historical data shows a share price drop following an EPS miss last quarter.
While ADI beat EPS estimates, the decrease in revenue could concern investors, potentially offsetting the positive impact of the earnings beat. Historical performance indicates that the stock is sensitive to earnings reports, as seen by the drop after the last quarter's EPS miss. However, the slight beat this quarter may not be enough to drive significant stock movement, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100