Earnings Preview: Allegro Microsystems
Portfolio Pulse from Benzinga Insights
Allegro Microsystems (NASDAQ:ALGM) is scheduled to release its quarterly earnings report on Thursday, 2024-02-01, with analysts expecting an EPS of $0.29. Investors are looking for an earnings beat and positive guidance for the next quarter. Historically, ALGM's stock price has reacted to past earnings performances, with a mix of positive and negative post-earnings price changes. The stock is currently trading at $26.56, down 36.25% over the last 52 weeks.
January 31, 2024 | 3:02 pm
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NEUTRAL IMPACT
Allegro Microsystems is anticipated to report an EPS of $0.29 in its upcoming earnings, with investors focusing on potential earnings beat and future guidance. The stock has seen varied reactions to past earnings and is currently down 36.25% from last year.
The expected EPS is a key indicator of the company's performance, and the historical data shows that the stock price can react positively or negatively to earnings reports. The current downward trend in the stock price suggests caution, but a positive earnings surprise and guidance could lead to a short-term positive impact. However, given the mixed historical reactions, the score remains neutral.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100