Earnings Preview For Analog Devices
Portfolio Pulse from Benzinga Insights
Analog Devices (NASDAQ:ADI) is scheduled to release its quarterly earnings report on February 21, 2024. Analysts predict an EPS of $1.71. The company's past earnings performance shows mixed results with slight fluctuations in stock price post-earnings announcement. Shares are currently trading at $188.24, with a 1.85% increase over the last 52 weeks. Investors are looking for positive guidance for the next quarter beyond the EPS beat.
February 20, 2024 | 5:00 pm
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POSITIVE IMPACT
Analog Devices is expected to report an EPS of $1.71 for the upcoming quarter. Historical data shows minor stock price movements post-earnings, with a recent 1.85% YTD increase. Positive guidance could further boost investor confidence.
Given ADI's history of slight stock price movements post-earnings and a positive YTD return, a beat on the expected EPS and optimistic future guidance could lead to a short-term positive impact on the stock price. The anticipation of future growth, as indicated by guidance, often plays a significant role in investor sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100