Company Performance - Analog Devices (ADI) stock increased by 1.38% to $245.15, outperforming the S&P 500's 0.07% loss [1] - The stock has risen by 6.22% over the past month, exceeding the Computer and Technology sector's gain of 5.58% and the S&P 500's gain of 3.94% [1] Earnings Forecast - The upcoming earnings report is expected to show an EPS of $1.92, reflecting a 21.52% increase from the same quarter last year [2] - Revenue is forecasted to be $2.76 billion, indicating a 19.18% growth compared to the same quarter last year [2] Full Year Estimates - For the full year, earnings are projected at $7.39 per share and revenue at $10.6 billion, representing increases of 15.83% and 12.49% respectively from the previous year [3] - Recent analyst estimate adjustments suggest optimism regarding the company's business and profitability [3] Valuation Metrics - Analog Devices has a Forward P/E ratio of 32.73, which is lower than the industry average of 39.86 [6] - The company has a PEG ratio of 2.23, closely aligned with the industry average PEG ratio of 2.24 [7] Industry Context - The Semiconductor - Analog and Mixed industry is part of the Computer and Technology sector and currently holds a Zacks Industry Rank of 181, placing it in the bottom 27% of over 250 industries [8] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Why the Market Dipped But Analog Devices (ADI) Gained Today