Analog Devices Inc (ADI, Financial) is set to release its Q3 2024 earnings on Aug 21, 2024. The consensus estimate for Q3 2024 revenue is $2,273.49 million, and the earnings are expected to come in at $0.76 per share. The full year 2024's revenue is expected to be $9.31 billion and the earnings are expected to be $3.27 per share. More detailed estimate data can be found on the Estimates page.
Analog Devices Inc (ADI, Financial) Estimate Trends
Over the past 90 days, revenue estimates for Analog Devices Inc (ADI) for the full year 2024 have increased from $9.13 billion to $9.31 billion, and for 2025 from $10.33 billion to $10.66 billion. Similarly, earnings estimates have risen from $2.95 per share to $3.27 per share for the full year 2024, and from $4.67 per share to $5.20 per share for 2025.
Analog Devices Inc (ADI, Financial) Reported History
In the previous quarter of April 30, 2024, Analog Devices Inc's (ADI) actual revenue was $2,159.04 million, which beat analysts' revenue expectations of $2,105.53 million by 2.54%. Analog Devices Inc's (ADI) actual earnings were $0.61 per share, which beat analysts' earnings expectations of $0.474 per share by 28.69%. After releasing the results, Analog Devices Inc (ADI) was up by 10.86% in one day.
Analog Devices Inc (ADI, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 25 analysts, the average target price for Analog Devices Inc (ADI) is $257.72 with a high estimate of $295 and a low estimate of $203.40. The average target implies an upside of 14.06% from the current price of $225.95.
Based on GuruFocus estimates, the estimated GF Value for Analog Devices Inc (ADI, Financial) in one year is $167.93, suggesting a downside of -25.68% from the current price of $225.95.
Based on the consensus recommendation from 31 brokerage firms, Analog Devices Inc's (ADI, Financial) average brokerage recommendation is currently 2.1, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
