Does The Street Have Analog Devices Figured Out?
Analog Devices (NAS: ADI) is expected to report Q3 earnings on Aug. 21. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Analog Devices's revenues will contract -8.6% and EPS will drop -19.7%.
The average estimate for revenue is $692.5 million. On the bottom line, the average EPS estimate is $0.57.
Last quarter, Analog Devices chalked up revenue of $675.1 million. GAAP reported sales were 15% lower than the prior-year quarter's $790.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Last quarter, EPS came in at $0.53. GAAP EPS of $0.53 for Q2 were 32% lower than the prior-year quarter's $0.78 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the preceding quarter, gross margin was 65.2%, 240 basis points worse than the prior-year quarter. Operating margin was 31.5%, 620 basis points worse than the prior-year quarter. Net margin was 24.1%, 650 basis points worse than the prior-year quarter.
The full year's average estimate for revenue is $2.73 billion. The average EPS estimate is $2.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 375 members out of 409 rating the stock outperform, and 34 members rating it underperform. Among 115 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 107 give Analog Devices a green thumbs-up, and eight give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Analog Devices is outperform, with an average price target of $42.60.
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The article Does The Street Have Analog Devices Figured Out? originally appeared on Fool.com.Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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