Allegro MicroSystems Expects Q4 Net Sales of $230M-$240M Vs $254.75M Est, EPS of $0.19-$0.23 Vs $0.28 Est
Portfolio Pulse from Benzinga Newsdesk
Allegro MicroSystems projects Q4 net sales of $230M-$240M, below the $254.75M estimate, and EPS of $0.19-$0.23, under the $0.28 estimate. The company anticipates a gross margin of 53%-54%, operating expenses around 31% of sales.
February 01, 2024 | 12:06 pm
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Allegro MicroSystems expects lower Q4 net sales and EPS than estimated, with sales between $230M-$240M vs. $254.75M estimate and EPS of $0.19-$0.23 vs. $0.28 estimate.
The projected decrease in both net sales and EPS compared to estimates suggests potential negative market reaction. Lower-than-expected financial results typically lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100