Will Allegro MicroSystems (ALGM) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - Allegro MicroSystems, Inc. is well-positioned to continue its earnings-beat streak in upcoming reports, having surpassed earnings estimates consistently in recent quarters [1][5]. Earnings Performance - In the last reported quarter, Allegro MicroSystems achieved earnings of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.05 per share, resulting in a surprise of 20.00% [2]. - In the previous quarter, the company was expected to post earnings of $0.06 per share but delivered $0.07 per share, yielding a surprise of 16.67% [2]. Earnings Estimates and Predictions - Recent estimates for Allegro MicroSystems have been trending higher, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5][8]. - The current Earnings ESP for Allegro MicroSystems is +5.88%, suggesting increased analyst optimism regarding its near-term earnings potential [8]. Statistical Insights - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced a positive surprise nearly 70% of the time, indicating a high probability of beating consensus estimates [6][8]. - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7].