Allegro MicroSystems, Inc. (ALGM) Q2 Earnings and Revenues Surpass Estimates

分组1 - Allegro MicroSystems reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.40 per share a year ago, representing an earnings surprise of 33.33% [1] - The company posted revenues of $187.39 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 0.16%, but down from $275.51 million year-over-year [2] - Allegro MicroSystems has surpassed consensus EPS estimates four times over the last four quarters and topped consensus revenue estimates three times during the same period [2] 分组2 - The stock has underperformed, losing about 26.6% since the beginning of the year, while the S&P 500 has gained 21.9% [3] - The current consensus EPS estimate for the coming quarter is $0.10 on revenues of $206.9 million, and for the current fiscal year, it is $0.37 on revenues of $789 million [7] - The Zacks Industry Rank for Electronics - Semiconductors is in the bottom 43% of over 250 Zacks industries, indicating potential challenges for stock performance [8]