Allegro MicroSystems, Inc. (ALGM) Q3 Earnings and Revenues Beat Estimates

Company Performance - Allegro MicroSystems reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.32 per share a year ago, representing an earnings surprise of 16.67% [1] - The company posted revenues of $177.87 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1.53%, but down from $254.98 million year-over-year [2] - Over the last four quarters, Allegro MicroSystems has consistently surpassed consensus EPS and revenue estimates [2] Market Outlook - Allegro MicroSystems shares have increased approximately 4.5% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the revisions of earnings estimates [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.05 on revenues of $175.2 million, and for the current fiscal year, it is $0.22 on revenues of $704.7 million [7] Industry Context - The Electronics - Semiconductors industry, to which Allegro MicroSystems belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Allegro MicroSystems' stock performance [5][6]