- Analog Devices reports higher-than-expected adjusted earnings per share (EPS) for Q3 2024 at $1.58, surpassing the estimate of $1.51.
- Reported unadjusted EPS stands at 79 cents.
- Revenue for Q3 2024 comes in at $2.31 billion, exceeding the estimate of $2.28 billion.
- Adjusted gross margin is 67.9%, higher than the anticipated 67.3%.
- Adjusted operating margin reaches 41.2%, beating the expected 40.5%.
- Forecast for Q4 2024 projects revenue of $2.40 billion, with a possible variation of +/- $100 million.
- Analyst ratings: 22 buys, 11 holds, and 0 sells.
Analog Devices on Smartkarma
Analyst coverage on Smartkarma reveals insights into Analog Devices Inc., with research reports from Baptista Research shedding light on the company’s performance and future outlook.
According to Baptista Research, Analog Devices is experiencing growth opportunities in sectors like automotive and AI investments, with a bullish sentiment towards its profitability and earnings per share. Despite positive signs in the industrial sector, caution is advised due to economic and geopolitical uncertainties that could impact short-term performance, emphasizing the importance of prudent cost and inventory management.
A look at Analog Devices Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analog Devices, Inc. has received positive Smartkarma Smart Scores across various factors indicating a promising long-term outlook. With solid ratings in Value, Dividend, Growth, and Resilience, the company seems well-positioned for sustainable performance. Particularly noteworthy is the Momentum score, which is the highest at 5, suggesting a strong upward trend in the company’s prospects. Analog Devices designs and manufactures integrated circuits for a range of high-tech applications, making it a key player in various industries worldwide.
Looking ahead, the balanced scores across key factors reflect a company with a stable foundation and potential for growth. Investors may view Analog Devices as a reliable choice with room for advancement, given its strong performance indicators. With its focus on analog and digital signal processing technologies for diverse sectors such as communications, automotive, and consumer electronics, Analog Devices appears to have a bright future ahead based on its impressive Smartkarma Smart Scores.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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