Analog Devices (ADI) Rises Yet Lags Behind Market: Some Facts Worth Knowing

Company Performance - Analog Devices (ADI) closed at $228.23, reflecting a +0.74% change from the previous trading day's closing, lagging behind the S&P 500's daily gain of 0.9% [1] - Over the last month, ADI shares increased by 3.42%, underperforming the Computer and Technology sector's gain of 5.76% and slightly outperforming the S&P 500's gain of 3.15% [1] - The upcoming earnings disclosure is expected to report EPS of $1.63, down 18.91% from the prior-year quarter, with quarterly revenue projected at $2.4 billion, down 11.58% from the year-ago period [1] Analyst Estimates - For the full year, Zacks Consensus Estimates project earnings of $6.34 per share and revenue of $9.39 billion, representing changes of -37.17% and -23.69% from the prior year, respectively [2] - Recent changes to analyst estimates reflect shifting short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [2] Valuation Metrics - Analog Devices has a Zacks Rank of 3 (Hold), with a Forward P/E ratio of 35.72, indicating no significant deviation from the industry average [3] - The company has a PEG ratio of 3.76, compared to the average PEG ratio of 3.2 for the Semiconductor - Analog and Mixed industry [3] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 216, placing it in the bottom 15% of over 250 industries [4] - The Zacks Industry Rank measures the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [4]