Analog Devices (ADI) Beats Stock Market Upswing: What Investors Need to Know

Company Performance - Analog Devices (ADI) ended the latest trading session at $212.95, reflecting a +0.27% change from the previous day's close, outperforming the S&P 500's gain of 0.16% [1] - Over the past month, ADI shares experienced a loss of 1.96%, which is worse than the Computer and Technology sector's loss of 1.29% but better than the S&P 500's loss of 2.2% [1] Upcoming Earnings - The upcoming earnings disclosure for Analog Devices is anticipated, with projected earnings per share (EPS) of$ 1.54, indicating a 10.98% decrease from the same quarter last year [2] - Quarterly revenue is expected to be $2.36 billion, down 6.18% from the year-ago period [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at$ 7.09 per share and revenue at $10.17 billion, representing increases of +11.13% and +7.88% respectively from the prior year [3] - Recent changes to analyst estimates for Analog Devices are noted, with positive alterations indicating analyst optimism regarding the company's business and profitability [3] Stock Performance and Valuation - The Zacks Consensus EPS estimate has shifted 0.85% downward over the past month, and Analog Devices currently holds a Zacks Rank of 3 (Hold) [5] - The company is trading at a Forward P/E ratio of 29.95, which is a discount compared to the industry's average Forward P/E of 36.81 [6] - ADI has a PEG ratio of 2.43, compared to the Semiconductor - Analog and Mixed industry's average PEG ratio of 2.62 [6] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 193, placing it in the bottom 24% of over 250 industries [7] - The Zacks Industry Rank assesses the strength of industry groups, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]